Thursday, 28 March 2013

FKLI Related News (Fri, Mar 29)

The benchmark S&P 500 stock index set a record closing high while the euro rose from a four-month low as banks in Cyprus reopened to relative calm on Thursday after the island's controversial bailout that taxed large depositors. Natural gas and cotton prices fell on Thursday but posted quarterly double-digit percentage gains to lead commodities higher in the first three moths, as U.S. markets wrapped up trading for March ahead of the Good Friday holiday.

FKLI spot month contract opened higher this morning at 1,677 following U.S S&P 500’s record closing high. Today’s Support and Resistance for March contract is located around 1,660 and 1,680 respectively.

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