Thursday, December 29, 2011

FBMKLCI Futures - Daily Message 29 Dec 2011


FKLI bias stays up but it has to close above 1505 to keep bias intact.
Resistance is still at 1513, the high of Dec and followed by the gap of 1530.
Support is still at 1493 and thereafter 22 Dec low of 1480.
The longer term trend is neutral to down.
Sentiment is neutral as futures was priced about fair.
The 21-day moving average is now at 1478.

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

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