Wednesday, November 30, 2011

FBMKLCI Futures - Daily Message 30 Nov 2011


FKLI bias turned up but it has to close higher to keep bias intact.
Resistance is now 1457, just below yesterday's high and then 1573.
The 1440 level, also yesterday's low has now turned support and followed by last Friday's low of 1420.
The longer term trend is down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1457.

R1/1457 R2/1473 R3/1490
S1/1440 S2/1420 S3/1410

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