Sunday, 26 August 2012
FKLI related news
U.S. stocks rose, paring the Standard & Poor’s 500 Index’s first weekly decline in almost two months, as Federal Reserve Chairman Ben S. Bernanke said the central bank has the ability to take additional steps to boost the economy. The euro weakened and commodities slumped.
Locally, Buyers continue to support the market when the market made some correction and strong enough for Buying force to breach the previous high last week. For today, immediate support for spot month contract is located around 1,645 while resistance is pegged at around 1,656.