Blog Discontinued

Hi all,

With the introduction of daily FKLI and FCPO report by OSK Retail Research, the Daily Message is discontinued.

FBMKLCI Futures - Daily Message 10 Apr 2012

FKLI bias turned down after the weak close and it has to close below 1583 to keep bias intact.
Further support is at 1578, the low of 2 weeks ago, and then 1570.
The 1588 level has now turned into a resistance and followed by 1594.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount remains.
The 21 day moving average is now at 1585.

R1/1588 R2/1594 R3/1598
S1/1583 S2/1578 S3/1570

FBMKLCI Futures - Daily Message 9 Apr 2012

FKLI bias turned up and it has to close higher to keep bias intact.
Resistance remains at 1598, the high of Thursday and Friday, and followed by last TueSday's low of 1602.
Support is now Friday's afternoon low of 1594 and thereafter Friday's low of 1588.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was at discount to cash.
THe 21 day moving average is now at 1584.

R1/1598 R2/1602 R3/1606
S1/1594 S2/1588 S3/1583

FBMKLCI Futures - Daily Message 6 Apr 2012

FKLI bias stays down after the lower close and it has to close below 1588 to keep bias intact.
Further support is at Monday's low of 1583 and thereafter 1578, the low of last week.
Resistance remains at 1595, the failed breakout of yesterday and then Tuesday's low of 1602.
The longer term trend is neutral.
The 21 day moving average is now at 1584.

R1/1595 R2/1602 R3/1606
S1/1588 S2/1583 S3/1578

FBMKLCI Futures - Daily Message 5 Apr 2012

FKLI bias turned down after the weak close and a lower close should keep bias intact.
Support is now the prior resistance of 1588 and followed by last Friday's low of 1583.
Resistance is last week's high of 1595 and thereafter Tuesday's low of 1602.
The longer term trend is neutral to down.
Sentiment stayed weak as futures discount to cash remains.
The 21 day moving average is now at 1584.

R1/1595 R2/1602 R3/1507
S1/1588 S2/1583 S3/1578

FBMKLCI Futures - Daily Message 4 Apr 2012

FKLI bias turned stays up but it has to close higher to keep bias intact.
Resistance is yesterday's high of 1606 and followed by 1610.
Support is now the broken resistance of 1600 and then last week's high of 1595.
The longer term trend is up.
Sentiment stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1583.

R1/1606 R2/1610
S1/1600 S2/1595 S3/1588

FBMKLCI Futures - Daily Message 3 Apr 2012

FKLI bias stays up but it has to close above 1600 to keep bias intact.
A violation of 1600 will see it all time high, expect resistance at every 5pts interval.
Support is now Friday's high of 1595 and followed by the 1588.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount to cash persist.
The 21 day moving average is now at 1582.

R1/1600 R2/1605 R3/1610
S1/1595 S2/1588 S3/1583