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KOSPI forecast for coming week ended 28th December, 2012.

Kospi reacted on its bullish pattern which I talked in past weeks. Now in coming future if kospi breaks this 2000 level then that may create a good opportunity to set a new trend because in that case Kospi will give strength to its medium and long-term bullish patterns. But for coming week it will be better to wait for full confirmation.
On the other side unless Kospi is breaking its past highs of Sept-Oct, I will not say that it is out of the bearish pattern but even if Kospi breaks that it has the option in the downside. I will talk about the bearish options when Kospi will be going towards levels around 1860 ranges.

Though Kopsi dropped in the last day but still it may reverse and try to break around 2000 levels but for that it has to maintain 1960-1980 ranges in early to middle days of the coming week. In fact 1960 is a very good support in the downside for Kospi, if it breaks that then 1940 will be the next support level.

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