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Tuesday, October 25, 2011
FBMKLCI Futures - Daily Message 25 Nov 2011
FKLI bias turns up after the higher close but it has to close higher to keep bias intact. Resistance is now at yesterday's high of 1465 and followed by last Friday's close of 1470. Support is at yesterday low of 1450 and followed by yesterday's gap low of 1442. The longer term trend is down. Sentiment turned positive as futures as at slight premium over cash. The 21 day moving average is now at 1405.
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