Today our market was influence by the rally of Dow futures as well as good performance from regional market and bringing our FKLI spot month to close at 1367. Though our market was doing discount on last Friday but now had becoming premium as our cash market close at 1363.
For my position that long at 1252, I still keep it till now, due to our cash market support at 1350 is still well maintaining. With the breaking new high of our cash market, I shall peg my new support at 1355-1360, and hopefully our market can reach 1380 level by this week. Honestly it is quite confusing as a position holder in our FKLI. Though our cash market was steadily moving upward bias, however, due to influences from regional market, our FKLI was moving between premium and discount, so it is not an easy feeling when seeing your profit reach to a new level and then wipe off half of it in 1 or 2 days. Therefore, as a position holder, we should not influence by the price fluctuation, however, focus on our trading plan strictly is a must to ride on the trend.
For my position that long at 1252, I still keep it till now, due to our cash market support at 1350 is still well maintaining. With the breaking new high of our cash market, I shall peg my new support at 1355-1360, and hopefully our market can reach 1380 level by this week. Honestly it is quite confusing as a position holder in our FKLI. Though our cash market was steadily moving upward bias, however, due to influences from regional market, our FKLI was moving between premium and discount, so it is not an easy feeling when seeing your profit reach to a new level and then wipe off half of it in 1 or 2 days. Therefore, as a position holder, we should not influence by the price fluctuation, however, focus on our trading plan strictly is a must to ride on the trend.
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