Friday, November 25, 2011

FBMKLCI Futures - Daily Message 25 Nov 2011


FKLI bias turned up after the strong move yesterday and a higher close today should keep bias intact.
Resistance is now at yesterday's high of 1450 and followed by the gap of 1457.
The broken resistance of 1440 has now turned support and then 1420.
The longer term trend is down.
Sentiment turned upbeat as futures was at slight premium to cash.
The 21 day moving average is now at 1460.

R1/1450 R2/1457 R3/1473
S1/1440 S2/1420 S3/1410

No comments:

Post a Comment