Friday, November 11, 2011

FBMKLCI Futures - Daily Message 11 Nov 2011


FKLI bias is neutral but another close below 1473 should turn bias down.
Support is now the psychological 1450 and followed by last week's low of 1440.
Wednesday's low of 1473 has now turned resistance and thereafter recent high 1490.
The longer term trend is down.
Sentiment stayed weak as futures was priced cheap.
The 21 day moving average is now at 1457.

R1/1473 R2/1490 R3/1505
S1/1450 S2/1440 S3/1428

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