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Wednesday, September 21, 2011
FBMKLCI Futures - Daily Message 21 Sep 2011
FKLI bias is neutral after an undecided close yesterday but will turn down on a close below 1400. Again, resistance is at psychological 1400 and thereafter 1390. Resistance is now 1414, the high of yesterday followed by Aug intraday low of 1427. The longer term trend is down. Sentiment stays weak as futures was again at discount to cash. The 21 day moving average is now at 1455.
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