Thursday, August 25, 2011

FBMKLCI Futures - Daily Message 25 August 2011


FKLI bias turned down after a close below 1470 and a close below 1465 should keep bias intact.
Support is now yesterday's close of 1465 and then the uncovered gap of 1455.
The 1470 has turned into resistance and then yesterday's high of 1490.
The longer term trend stays neutral.
Sentiment turned weak as futures was priced cheap.
The 21 day moving average is now at 1505.

R1/1470 R2/1490 R3/1500
S1/1465 S2/1455 S3/1436

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