Tuesday, December 6, 2011

FBMKLCI Futures - Daily Message 6 Dec 2011


FKLI bias is neutral after the lackluster trade yesterday.
However, a close above 1505 should see the return of upward bias and next resistance is last week's high of 1513.
Support is 3-day low of 1490 and followed by 1473.
The longer term trend is neutral.
Sentiment stayed upbeat as futures was priced rich.
The 21 day moving average is now at 1460.

R1/1505 R2/1513 R3/1530
S1/1490 S2/1473 S3/1460

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