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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.
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