Tuesday, September 13, 2011

FBMKLCI Futures - Daily Message 13 Sep 2011


FKLI bias stays down after closing at low and it has close lower to keep bias intact.
Support now lies at Aug intraday low of 1427 and then the psychological 1400.
The 1447 support has now turned into resistance and followed by the top of yesterday's gap of 1458.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was at deep discount to cash.
The 21 day moving average is now at 1473.

R1/1447 R2/1458 R3/1465
S1/1427 S2/1400 S3/1392

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