Thursday, December 22, 2011

FBMKLCI Futures- Daily Message 22 Dec 2011


FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1490, the high of afternoon session and followed by 1505.
Monday's high of 1480 is has now turned support and thereafter Tuesday's close of 1470.
The longer term trend is down.
Sentiment is neutral as futures as priced about fair.
The 21 day moving average is now at 1465.

R1/1490 R2/1505 R3/1513
S1/1480 S2/1470 S3/1460

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