KLOFFE'S KLSE CI Futures Weekly Market Commentary

Volume and Open Interest (1 year window) wpe1C.jpg (16509 bytes)

Daily Price Movements (20 day window) wpe1D.jpg (16979 bytes)

MARKET MOVEMENT

The Kuala Lumpur Composite Index Futures (FKLI) was traded from a high of 475.0 to a low of 420.7, a different of 54.3 index points. The direction of the market was largely influenced by the movement of Japanese Yen and concern over corporate debts.

July futures closed low at 423.0, a discount of 5.62 index points compared to the underlying of 428.62. The market remained cautious and quiet.

To recap, total contracts traded for the week were 9,996 contracts, an daily average of 2,499 contracts. The 20-day volatility stayed above 40% level. Total open interest stayed above 21,000.

MARKET OUTLOOK

The market is likely to remain sideway. Resistance would be at 461, 444, and 433 while support can be seen at 416, 410, 390 levels.

DISCLAIMER
The weekly market commentary has been compiled by Shu, Meng Chan (article writer) for private views only. The weekly market commentary articles are being released for the interest of Shu, Meng Chan only and should not be considered investment advice. There is no warranty or representation expressed or implied by Shu, Meng Chan as to the the accuracy or completeness of the commentary herein. The content of the articles will not reflect the general view point of the described (KLOFFE)Futures Exchange. Shu, Meng Chan will not be liable for any action taken by viewers upon reading Shu's Corner KLOFFE's Weekly Market Commentary.

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