FKLI Reflects Steadier Cash Market
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures on Bursa Malaysia Derivatives were firmer at the close yesterday, reflecting the improving cash market.
February 2011 and June 2011 both gained 8 points each to 1,514.5 and 1,512, respectively. March 2011 added 9 points to 1,513 and September 2011 rose 5.50 points to 1,510.
Turnover stood at 20,266 lots, sharply higher than Tuesd ay ’s 12,911 lots, while interest was at 25,217 contracts, compared to 21,2119 p r e v i o u s l y.
On the cash market, the FBM KLCI was down 2.52 points to 1,511.11.
Recommendations
The 2 Head & Shoulder in the FKLI Daily Chart
provides some reasons to trade a cautious
SELL INTO STRENGTH
Keep trailing stop (TS) handy
HAPPY TRADING
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