FBMKLCI Futures - Daily Message 1 July 2011

FKLI bias stays up after closing at all time high but price has to close above 1580 to keep bias intact.
Thereafter, expect resistance at 1600 psychological level. Minor resistance may come at 1590.
Support is still Wednesday gap of 1570 and thenday lows of 1565 and 1560.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was at premium to cash.
The 21 day moving average is now at 1558.

R1/1580 R2/1590 R3/1600
S1/1570 S2/1565 S3/1560

FBMKLCI Futures - Daily Message 30 June 2011

FKLI bias stays up and price has to close above 1576 to keep bias intact.
Resistance is still the all time high 1580 and thereafter psychological 1600.
Expect support at 1570, the low of yesterday's gap, and the 1565, low of Tuesday.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed upbeat as again futures was priced rich to cash.
The 21 day moving average is now at 1557.

R1/1580 R2/1590 R3/1600
S1/1570 S2/1565 S3/1560

FBMKLCI Futures - Daily Message 29 June 2011

FKLI bias turned up after the positive close but it needs to close above 1570 resistance to keep bias intact.
After 1570, resistance should come at all time high of 1580 and thereafter psychological 1600.
Support is now 1565, the low of yesterday, and then 1560, also a prior low.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was price at premium to cash, the third day running now.
The 21 day moving average is now at 1556.

R1/1570 R2/1580 R3/1600
S1/1565 S2/1560 S3/1552

FBMKLCI Futures - Daily Message 28 June 2011

FKLI bias is neutral, the lower close is weak but nonetheless price managed to close above 1564 support level.
Expect support at 1552, the low of last week, and thereafter the important level of 1545.
Resistance may come at 1570, the high of last week, and then the all time high of 1580.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed positive as futures was priced rich to cash.
The 21 day moving average is now at 1555.

R1/1570 R2/1580 R3/1600
S1/1560 S2/1552 S3/1545

FBMKLCI Futures - Daily Message 27 June 2011

FKLI bias turned up after closing above 1564 and price has to close above 1570 resistance level to keep bias intact.
After 1570, sellers may come at all time high of 1580 and thereafter psychological 1600.
The 1564 level has now turned support. Expect buying at 1560 and then week's low of 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment turned upbeat as futures was at premium to cash.
The 21 day moving average is now at 1555.

R1/1570 R2/1580 R3/1600
S1/1564-60 S2/1552 S3/1545

FBMKLCI Futures - Daily Message 24 June 2011

FKLI bias stays down but price has to close below 1560 to keep bias intact.
Again, expect support at yesterday's low of 1560 and thereafter week's low of 1552.
Resistance is still 1564 and bias should turn up on close above it. The next resistance is at 1570, near week high.
The longer term trend is up but price has to close above 1580 to confrim it.
Sentiment is neutral as futures was priced about fair to cash.
The 21 day moving average is now at 1553.

R1/1564 R2/1570 R3/1580
S1/1560 S2/1552 S3/1545

FBMKLCI Futures - Daily Message 23 April 2011

FKLI bias turned down after closing below morning low but price has to close below 1563 to keep bias intact.
A close above 1564 will turn the bias up again. Expect resistance at all time high of 1580. Minor resistance may come at 1570, near yesterday's high.
Support may come at 1560 and thereafter 1552, Monday's low. Further support below at 1545.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment turned weak as futures was priced cheap to cash.
The 21 day moving average is now at 1552.

R1/1564 R2/1570 R3/1580
S1/1560 S2/1552 S3/1545

FBMKLCI Futures - Daily Message 22 June 2011

FKLI bias stays up but price has to close above 1564 to keep bias intact.
The all time high of 1580 will now turn resistance, with possible minor selling at 1570.
Support is still the area of 1560-64 and then Monday's low of 1552.
The longer term trend is up but price has to close above 1580 to keep bias intact.
Sentiment turned bullish after futures was priced at premium to cash.
The 21 day moving average is now at 1550.

R1/1570 R2/1580
S1/1564-60 S2/1552 S3/1545

FBMKLCI Futures - Daily Message 21 June 2011

FKLI bias stays up after a higher close but it has to close above 1555 to keep bias intact.
Again, multiple resistances are expected at area of 1560-64. Further up, expect selling at all time high of 1580.
The 1552 level, yesterday's low, has now turned support. Expect further support at 1545 and then last week's low of 1536.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1548.

R1/1560-64 R2/1570 R3/1580
S1/1552 S2/1545 S3/1536-33

FBMKLCI Futures - Daily Message 20 June 2011

FKLI bias turned up after closing above 1550 but price has to close above 1554 to keep bias intact.
Given the consolidation of the past two weeks, price is facing multiple resistance in the area of 1560-64. Next resistance is at all time high of 1580.
The psychological 1550 has now turned support. Further supports are expected at 1545 and then 153, the low of last week.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1547.

R1/1560-64 R2/1570 R3/1580
S1/1550 S2/1545 S3/1536-33

FBMKLCI Futures - Daily Message 17 June 2011

FKLI bias is neutral after the weak close, though the close above 1545 is supportive.
The 1550 psychological level is now resistance and a close above it will turn bias up. Further up, expect resistance at 1556, and the 1564, the gap of January.
Last week’s low of 1545 is still the support level followed by the gap of 1536-33, also this week low.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was price as discount to cash.
The 21 day moving average is now at 1546.

R1/1550 R2/1556 R3/1564
S1/1545 S2/1536-33 S3/1524

FBMKLCI Futures - Daily Message 13 June 2011

FKLI bias is neutral after closing below morning low, but nonetheless, the close above 1550 psychological level is supportive.
A close above 1551 will turn bias up again, expect buying near last week's low of 1545 and the gap of 1536-33.
Resistance is still 1556, near last week's high and thereafter 1564, the gap of January.
The longer term trend is still up but price has to close above 1580 to confirm it.
Sentiment turned weak as futures was price at discount to cash.
The 21 day moving average is now at 1544.

R/1 1556 R2/1564 R3/1570
S1/1545 S2/1536-33 S3/1524

FBMKLCI Futures - Daily Message 10 June 2011

FKLI bias turned up following close above psychological resistance 1550 level, but price has to close above 1552 to keep bias intact.
Resistance is still 1556, about yesterday's high and thereafter 1564, the gap of January.
The 1550 level has now turned support, expect buying near last week's low of 1545 and the gap of 1536-33.
The longer term trend is up but price has to close above 1580 to confirm it.
Upbeat sentiment returned as futures was price as premium to cash.
The 21 day moving average is now at 1543.

R1/1556 R2/1564 R3/1570
S1/1550 S2/1545 S3/1536-33

FBMKLCI Futures - Daiuly Message 9 June 2011

FKLI bias has turned down following the close below the psychological 1550 and a close below 1549 should keep bias intact.

Support is still expected at 1545, not too far from last week’s low and then the gap of 1536-1532.

The 1550 level has now turned into a resistance and a close above it will turn bias up. Expect selling at 1556, the high of Tuesday and then 1562-1564, the gap of January.

The longer term trend is up but price has to close above 1580 to confirm it.

Sentiment turned negative as futures was at discount to cash.

The 21 day moving average is now 1542.

R1/1550 R2/1556 R3/1562-64

S1/1545 S2/1536-33 S3/1524

FBMKLCI Futures - Daily Message 8 June 2011

FKLI bias turned up after a firm close above morning high and a close above 1555 should keep bias intact.

Resistance is still the area of 1562-1564, the gap of January and thereafter the all time high of 1580. Minor selling may come at 1570.

Support is still 1550, the low of Monday and then 1545, near the low of yesterday and last week. Further down, expect support at the gap of late May, 1536-33.

The longer term trend is up but price has to close above 1580 to confirm it.

Sentiment stayed positive as futures was priced at premium to cash.

The 21 day moving average is now at 1540.

R1/1562-64 R2/1570 R3/1580

S1/1550 S2/1545 S3/1536-33

FBMKLCI Futures - Daily Message 2 June 2011

FKLI bias is neutral now, the close above morning low is supportive but selling was evident too.
Resistance remain the area of 1562-64, the gap of January, and the all time high of 1580. Minor selling may come at 1570.
Morning low of 1557 is now the minor support, with stronger one at the area of 1552-50. Next support is at 1543, the low of Tuesday.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was neutral too as futures was priced about fair.
The 21 day moving average is now at 1533.