FKLI Related News

Major stock markets fell on Monday and the euro tumbled from multi-month highs against the dollar and yen as political uncertainty in Spain and Italy revived worries that the steps taken to rein in the euro zone debt crisis could unravel. Oil future prices dropped alongside equities on Monday as traders took profits after three weeks of gains and after a rise of about 10 percent rise in oil prices since the beginning of December.

FKLI spot month contract opened slightly lower this morning as renewed worries about the euro zone crisis caused the U.S. market to pull back from recent gains. Today’s Support and Resistance for  February contract is located around 1,621 and 1,638 respectively.