Friday, July 17, 2009

KLCI Futures Breaks New High w Strong Uptrend



KLCI Futures has continued to break 1100 and is now at testing 1130. However, do bear in mind that KLCI has went up almost 100 points from the 1035 level.

The Current Support is at 1020 for today and resistance is at 1035.

CIT American Bank is facing bankruptcy risk and its fate will be decided within this few days. So do take note that this will affect the US Dow Jones market tonight and possible the regional trading sentiment for next week.

For those of you that are trading well, trade with stop losses and good luck.

No comments: