Tuesday, December 28, 2010

FBMKLCI Futures - Daily Message 28 Dec 2010


FKLI bias is still up despite the 3-day consolidation and it has to close above 1518 soon to keep bias intact.
Resistance is still Dec high of 1523 and the Nov high of 1530.
A close below 1513 likely turn bias down. Further support at 1502, 1489 and important one at 1485.
Sentiment was still positive as futures was priced at slight premium to cash.
21 day moving average is at 1504.

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