Tuesday, March 8, 2011
FBMKLCI Futures - 9 Mar 2011
The close above 1518 support level should still keep bias up but FKLI needs to close above 1524 resistance level to keep momentum going.
Otherwise, a close below 1518 may turn bias down. Further support is at 1510, not too far from Monday's low and then the area of 1504 and psychological 1500.
Further up, resistance may come at 1533 and then 1540, the high of last week.
The longer term bias up is neutral to up.
Sentiment was still positive as futures was priced rich.
The 21 day moving average is now at 1507.
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