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.

R1/1414 R2/1427 R3/1447
S1/1400 S2/1390 S3/1375

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