In view of the U.S Federal Reserve interest rate outlook, it has set up a negative expectation on the future performance for REITS. A hike in interest rate will have an adverse impact on the highly-leveraged balance sheets’ of most REITS.  Since hitting its year-to-date high of $1.22 seen on 12^th January 2010, K-REIT has been in a “downhill ride” as it continues to trade below its 20 and 50-day moving averages. In addition, the MACD trend indicator is still hovering below its centerline and the RSI oscillator continues to remain below the 30% oversold level. Thus readings from these indicators suggest that the bearish condition is still intact. Be on the lookout for its immediate support at $1.03 and a violation below it may open the floodgate for a further slide towards the next support at $0.98. However a break above its immediate resistance of $1.07 may negate the bearish tone to see an upside push to test the resistance barrier of $ 1.10-1.12.