Monday, October 31, 2011

FBMKLCI Futures - Daily Message 31 Oct 2011


FKLI bias stays up after higher close and a higher close is needed today to keep bias intact.
Resistance is now Friday's high of 1490 followed by high of 16 Aug of 1505.
Support is Friday's low of 1476 and the uncovered gap at 1457.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1424.

R1/1490 R2/1505 R3/1523
S1/1476 S2/1457 S3/1450

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