Forum for OSK Futures dealers. Feel free to ask any questions.
Monday, April 4, 2011
FBMKLCI Futures - Daily Message 5 April 2011
FKLI bias stays up and a higher close should keep bias intact. Following succesful close above 1555 resistance, expect selling at uncovered gap of 1562-1564 and thereafter 1570 and then all time high of 1580. Support is now todays low of 1547, and then prior highs of 1540 and 1530. The longer term trend is up and price has to close above 1580 to confirm it. Sentiment turned neutral as futures was price about fair. The 21 day moving average is at 1513.
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