Wednesday, December 28, 2011

FBMKLCI Futures - Daily Message 28 Dec 2011


FKLI bias stays up but it has to close above 1505 to keep bias intact.
If 1505 is broken, next support is at early Dec high of 1513 and followed by the gap of 1530.
Support is at yesterday's low of 1493 and thereafter 1480.
The longer term trend is neutral to down.
Sentiment is upbeat as futures was at slight premium to cash.
The 21-day moving average is at 1475.

R1/1505 R2/1513 R3/1530
S1/1493 S2/1480 S3/1467

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