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Monday, October 24, 2011
FBMKLCI Futures - Daily Message 24 Oct 2011
FKLI bias is neutral but a close above 2-day high of 1442 should turn bias up. Resistance is at psychological 1450 and thereafter last Tuesday high of 1456. Support is now last Friday's low of 1428 followed by last Thursday's low of 1420. The longer term trend is down. Sentiment was weak as futures basis was negative. The 21 day moving average is now at 1402.
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