Tuesday, September 27, 2011

FBMKLCI Futures - Daily Message 27 Sep 2011


FKLI bias may have turned up after the long legged candle and strong showing by the US equities.
Resistance is now yesterday's afternoon high of 1330 and followed by last week's low of 1357.
Support is now the psychological 1300, tested yesterday followed by 1270.
The longer term trend is down.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1434.

R1/1330 R2/1357 R3/1378
S1/1300 S2/1270 S3/1240

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