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Monday, November 21, 2011
FBMKLCI Futures - Daily Message 21 Nov 2011
FKLI bias stays down but it has to close below 1440 to keep bias intact. After 1440, support is expected at another prior low of 1420 and then psychological 1400. Resistance is at gap of Friday at 1457 and then 1473. The longer term trend is down. Sentiment stayed weak as futures was priced cheap. The 21 day moving average is now at 1463.
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