FBM KLCI Futures >>> Looking For A Reason

Or is it a catalyst?

As can be noticed, bargain hunters are IN once FKLI goes into deeper Discount as evidently displayed by the higher than average volume yesterday when it hit intraday low 1324.0 after opening with a wide gap at 1331.0 from 1338.0 last Friday close. Obviously the FKLI Spot month is looking opportunistic to buyers.

At close, May 2010 declined five points to 1,333.0, June 2010 slipped six points to 1,332.0 while September 2010 and December 2010 fell 6.5 points each to 1,332.0 and 1,333.0, respectively.Turnover rose to 11,054 lots from 5,595 lots last Friday while open interest increased to 21,835 contracts from 21,492 contracts last week.

The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures contract on Bursa Malaysia Derivatives closed lower Monday in tandem with the easier cash market

The underlying FBM KLCI dwindled 5.03 points to close at 1,334.27.

ZLBT mantains it's Long mindset

BUY ON WEAKNESS

Goodluck2all & Happy Trading