Futures

A contractual agreement, generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at a pre-determined price in the future. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

** Source from: www.investopedia.com

Monday, September 21, 2009

FKLI pushing strong



15 minutes chart


Daily 1-year

FKLI had been pretty strong throughout the day. Volume picked up in the equities indicating improve interest in the market. Overall regional indexes has been strong throughout the day allowing both index and futures to make new high today. Optimism in the recovery in US has been broadly discussed throughout the media today which supports the overall market.

My Opinion : Hold long position and stop to be moved up to 1195; previous recommended short position should have been closed at 1218

**Chart from OSK's 188OMS
 
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)