Thursday, January 13, 2011
FBMKLCI Futures - Daily Message 14 Jan 2011
FKLI bias is still up and a close above 1572 should keep bias intact.
Resistance is yesterday's high of 1578, which is also Monday's opening low.
Support is expected at yesterday's low of 1569, which has been an important support and resistance level in the past 2 weeks. Furhter support may come at 1564 and 1555.
Sentiment however, was neutral as futures was priced about fair, but a close above 1578 likely restore positive sentiment.
21 day moving average is now at 1533.
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