BURSA MALAYSIA >>> FKLI Market Overviews

FKLI : It's been a long time coming

Note the last 3 candles of the above Spot Month chart >>> small real bodies denote fading buying frenzy as compared to last week's action.

We see this pattern during an uptrend marked with a final bullish surge that eventually weakens. This weakening is illustrated by a long black candlestick that is unable to close the gap into the body of the first day. These events warn us about a short-term reversal.

The reversal candle confirmation may be delayed due to month end rollover. Red candle expected soon hopefully today.

And if and when it does appear 1350.0 Support 1st target followed by last week Hanging Man's head at 1347.5

We'll take it from there

Only Spot month contract made green >>> the rest of forward months and indication or rollovers rathe than continuous buying or LONG Comittments.

Should the sharks prevent a green rollover with a red >>> the LONGs will be sweating.

FKLI Recommendation
Go SHORT at broken Support

GOODLUCK2ALL