Market violated the 1st underline support at 1086.5-1083 and tested the next support at 1045.5-1050.0 in daily basis and it managed to defend well. However, immediate daily technical landscape remained in bearish zone as market still struggle below the downtrend line. We now look at the support at 1050.0-1045.5. For upside, resistance is at 1133.5-1146.5
Friday, August 22, 2008
FKLI Weekly: 1045.5-1050.0 defended well
Market violated the 1st underline support at 1086.5-1083 and tested the next support at 1045.5-1050.0 in daily basis and it managed to defend well. However, immediate daily technical landscape remained in bearish zone as market still struggle below the downtrend line. We now look at the support at 1050.0-1045.5. For upside, resistance is at 1133.5-1146.5
