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Friday, December 2, 2011
FBMKLCI Futures - Daily Message 2 Dec 2011
FKLI bias stays up after the strong move and a higher close should keep bias intact. Resistance is now yesterday's high of 1513 followed by the gap of 5 Aug of 1526. The broken resistance of 1490 has now turned support and thereafter yesterday's gap low 1460. The longer term trend is neutral. Sentiment stayed upbeat as futures was at premium to cash. The 21 day moving average is now at 1457
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