Friday, September 9, 2011

FBMKLCI Futures - Daily Message 9 Sep 2011


FKLI bias stays up after a higher close but it needs to close abvoe 1465 today to keep bias intact.
Above 1465, resistance is still at 1490 and psychological 1500.
Support stays at 1447 and the the low of two week back 1438.
The longer term trend is neutral to down.
Sentiment stays weak as futures was at discount to cash.
The 21 day moving average is now at 1471.

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

No comments:

Post a Comment