Kospi, Nikkei 225

Daily Forecast – 16 April 2013 Kospi June contract Kospi managed to hold on to 249.35/25 & today we have resistance at 254.04. We could hit selling pressure here but a break higher could then target 255.86, possibly 257.16. We can look for a high for the day here & perhaps could try shorts with a stop above 258. There is strong support at 249-247.80 & the market is over sold now. Watch for a good bounce from this level but longs need a stop below 246.50 as a break lower should keep

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Kospi, Nikkei 225

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