Sideway Trading for 3 days.

The past 3 days has been side way trading for 3 Days. With Support Level at 1051 and Resistance Level at 1075 (Highest Level for Futures for 2009).

Today Futures Close at 1068, touching 1068.50 highest today.
It open low at 1051, due to the drop of US Dow Jones Last night.



It has came to a fact that the US Dow Jones Market will definitely effect the opening price of KLCI Futures. Last night US Dow Jones went down 69 points, but Futures was only down by 3 points and then open up high to 1068.50 after a whole morning of Side way between 1054 to 1058.



I long 1 Contract at 1068.00 today after seeing US Dow Jones Futures & European market was positive. Will Take profit at 8:45a.m. tomorrow morning if the market goes up in my favour.

I tend to try 1 over night position depending on the US Futures & European Market Indices. So wish us all the best of Luck.