Wednesday, January 5, 2011

FBMKLCI Futures - Daily Message 5 Jan 2011


FKLI bias stays up and close above 1550 should keep bias intact.
FKLI is in uncharted territory, so expect resistance at every round figures.
Support may come at 1540, 1530 and early Dec high of 1523.
Sentiment was somewhat weak as futures was priced cheap. But firmer market today may see upbeat sentiment returning.
21 day moving average is now at 1514.

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