Trading cycle to continue at tighter band, less choppiness ..LE: 482 ..PG: 05 ..PU: BT ..TX: THE July contract on Bursa Malaysia Derivatives Bhd ended higher by 20 points at 852 points. The average volume transacted was also higher, at 3,875 contracts wit.

(From Business Times (Malaysia))

THE July contract on Bursa Malaysia Derivatives Bhd ended higher by 20 points at 852 points. The average volume transacted was also higher, at 3,875 contracts with open interest of 10,431 contracts. The writing was on the wall, or in this case the charts, as the July contract staged a commendable effort breaking past all of our pivotal resistance level last week. Bulls were on the run, trailing it through the peak and trough. A weakness to the 840 level provided entry opportunities, with firm support holding the spot from collapsing and giving rise to firm rebounds. This established a reliable base for the spot contract to initiate its …