Thursday, October 6, 2011

FBMKLCI Futures - Daily Message 6 Oct 2011


FKLI bias stays up but it has to close higher to keep bias intact.
Resistance is still at 1400 psychological level followed by 1420.
Support is Tuesday's afternoon low of 1350 and then week's low of 1340.
The longer term trend is down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1403

R1/1400 R2/1420 R3/1447
S1/1375 S2/1350 S3/1340

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