Tuesday, December 28, 2010

FBMKLCI Futures - Daily Message 29 Dec 2010


FKLI bias is still up and a close above 1523 support should keep bias intact.
Resistance is still Nov high of 1530 and then all time high of 1546.
Support may come at 1518 and then 1513. Further below 1502, 1489 and important support still at 1485.
Sentiment stayed boyant as futures is priced rich to cash.
21 day moving average is at 1506.

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