Monday, January 17, 2011

FBMKLCI Futures - Daily Message 17 Jan 2011


FKLI bias is still up and a close above 1573 should keep bias intact.
Support is around 1566 - 1564, where price found support several times in the past week. But a close below 1566 may turn bias down.
Further supports possibly at 1560 and then 1555, last week's low.
Resistance is still 1576 and a good break should see it closing above 1580.
Sentiment stayed firm as futures again priced rich.
21 day moving average is now at 1537.

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