Thursday, September 8, 2011

FBMKLCI Futures - Daily Message 8 Sep 2011


FKLI bias turned up after closing above morning high and a close above 1465 should keep bias intact.
Above 1465, next resistance is at 1490 and psychological 1500.
Support is still week's low of 1447 and then the low of two weeks back 1438.
The longer term trend is neutral to down.
Sentiment is still weak as futures was price cheap.
The 21 day moving average is now at 1487.

R1/1465 R2/1490 R3/1500
S1/1447 S2/1438 S3/1428

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