Forum for OSK Futures dealers. Feel free to ask any questions.
Monday, March 28, 2011
FBMKLCI Futures - Daily Message 29 Mar 2011
FKLI bias is weak after the lower close though a close back above 1515 will turn bias up. Resistance is now the area of 1515- 1518, the two prior high and therafter the important level of 1524. Support is still 1505, yesterday's low and then the psychological 1500. Further supports are at 1480 and 1470. The longer term trend is neutral to up. Sentiment turned negative as futures was priced cheap. The 21 day moving average is now at 1504.
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