FKLI OUTDO FBMKLCI IN A HOLIDAY-MOOD MARKET
Spot Goes Premium Over Cash
FKLI prices remain lethargic and non-agressive ahead of the Xmas weekend which is the norm as most traders are already in celebrity frequencies. There may be little variations for both the cash & futures market but there is nothing bearish about their prices. Activities should resume when traders return after the holidays.ZL have a feel >>> this is gonna be a dull & boring Friday. :P
Be optimistic of the bulls attacking the resistances next week. Whatever happens in Wall Street over night won't have much bearings on price fluctuations. Tight range trading anticipated. The EMAs should provide sufficient supports ahould the bears decide to launch a sneak attack when the bulls are out to celebrate. Any sudden dip in FKLI prices will been an opportunity to accumulate LONGs.GOODLUCK2ALL
&
MERRY CHRISTMAS
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