Tuesday, January 11, 2011

FBMKLCI Futures - Daily Message 11 Jan 2011


Bias turned down yesterday but a close above 1564 likely restore upward bias. Nonetheless, the longer term uptrend still intact.
Support is expected at recent lows of 1557, 1550 and then 1540.
While sellers may come at 1564, 1569 and thereafter Monday's high of 1580.
Sentiment was neutral as futures was priced about fair.
21 day moving average is now at 1525.

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