FKLI Trading Strategies [07/01/2013]

By: Bullseye

FKLI Trading Strategies for [07/01/2013]

Okay, today I will keep my information short, simple and clear cut, I’ve studied today’s FKLI market and with this I would like to provide you my analysis which I’ve calculated for tomorrow:

FKLI (JAN 2013)

[click to enlarge]

We’ve seen our FKLI closed at 1699.5 today, with 1701.5 as the highest and 1691.5 as the lowest. Therefore I would advice to set the strategy as follow:

Technical Chart Analysis

Through an initial screening of the chart, we have achieved a new high for FKLI Jan 2013, and the current trend is still relatively bullish

Strategy For 3/1/2013

From what we could observe, breaking a new high means there is a chance that our FKLI would remain in consolidation period for next Monday which also may move sideways with downward possibilities. It may be a “cooling” period for this hot moment and there might be chances for FKLI to be bullish again in the near future.

In conclusion, traders may option to long should the FKLI reached the first support of 1693.

Disclaimer: The information and analysis mentioned above are solely based on Invest ACE’s personal technical analysis with the aid of professional training, decades of experience and meticulous foresight; Invest ACE shall NOT be held liable for any losses (financially or otherwise) incurred by any parties relying on aforementioned analysis without prior professional consultation. Should you wish to find out more on how to invest wisely, do not hesitate to contact Invest ACE via investace126@gmail.com.