18th May 2012, Friday (DJIA)

Announcement:

Every Saturday (starting from 19^th May 2012) I will publish an

article on Futures. Those articles will provide a better understanding for all futures investors, especially new comers in the Futures trading environment.

DJIA

Immediate Support - SMA 200!

It is more important for us to look at the DJIA today as the development in Dow will directly affect our local bourse as well. The immediate support level is seen at 12200 (SMA 200), failure for this level to be held will see free fall for the DJIA until a reliable and strong support level can only be seen at 11000 level. Investors can take the above mentioned level as a reference level for any decision making for our local market.

The immediate support is seen at 12000 level, followed by 12000 level and immediate resistance is seen at 12500 level, followed by 12700 level.

FKLI

Immediate Support – SMA 200!

The immediate reliable and strong support level is seen at 1486 – 1500 levels, we will look into changing our strategy if the above mentioned level is reached.

At the moment, investors can initiate short position with stop loss level being placed around 1540 level, however, if the index dropped below 1486 level, it may create an opportunity for investors to initiate long position with stop loss level being placed around 1480 level.

The immediate support is seen at 1507 level, followed by 1500 level and the immediate resistance is seen at 1540 level, followed by 1550 level.

FCPO

Tag of War between Bulls and Bears!

Nothing has changed from yesterday as the FCPO remains hover around the range that we are eyeing. What investors can do?

Investors can remain short position, but any rebound at 3040 level should serve as an opportunity to initiate long position with stop loss level being set around 2990 level.

The immediate support is seen at 3045 level, followed by 3000 level and immediate resistance is seen at 3100 level, followed by 3150 level.

Disclaimer:

The information herein was obtained or derived from the source that I believed are reliable. No liability can be accepted for any loss that may arise from the use of this report. All opinions and estimates included in this report constitute my judgment as of this date, not an invitation to buy and are subject to change without further notice.