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Wednesday, December 21, 2011
FBMKLCI Futures - Daily Message 21 Dec 2011
FKLI bias is neutral as it closed right at support yesterday. Therefore, a close below 1470 today will turn bias down and next support is at 1460, the low of Monday. Resistance is still at 1480, the high of yesterday, and followed by 1490, the high of two weeks ago. The longer term trend is down. Sentiment is upbeat as futures was priced at premium to cash. The 21-day moving average is now at 1459.
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