Wednesday, September 14, 2011

FBMKLCI Futures - Daily Message 14 Sep 2011


FKLI bias stays down but it has to close below 1434 to keep bias intact.
Support is now Aug intraday low of 1428 and thereafter the psychological 1400.
Resistance is still at 1447, which kept price low yesterday, and thereafter 1458 and 1465.
The longer term trend is neutral to down.
Sentiment stayed weak as futures discount widened.
The 21 day moving average is now at 1467.

R1/1447 R2/1458 R3/1465
S1/1428 S2/1400 S3/1392

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