Malaysia Futures Trading FKLI FUTURES 60 minute Chart By Tokan Corner : As the chart and Andrew Pitchfork show. The FKLI has stopped above nearly at midline of Andrew resistance line. Last Monday the trade was stuck in low gap “in the box range” between 1556.5 to 1562. Now the market are bit curious regarding United State Debt Deal, thus it mean this week will be a crucial week. If the debt plans goes well the market will skyrocket and if not what we fear the “2 Dip Recession” will haunt us. So as an advise better close your position on next Friday if you cannot bear the risk.
Ok lets go back to the chart, any changes will show us some hints . If the markets move above the box it might be a rally again to charge 1575+ -1580. If not get ready for a rollercoaster. :p ( 1550 – 1545 Buy On Dip )
“BUY ON DIP, SELL AT RESISTANCE”
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