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 14, 2009

FKLI showing weaknesses or still strength to bull on?


Daily 1-year 
Weekly 2-years
FKLI showing some weaknesses in the Daily chart but on the weekly chart, it still shows strong bullish upside. Even with regional indexes had shown red the entire day but FKLI managed to hold above its psychological support at 1200 which means that, it's still likely to bull further.

My Opinion : Hold long and place a stop loss at 1185-1190

**Chart from OSK's 188OMS
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