Thursday, December 8, 2011

FBMKLCI Futures - Daily message 8 Dec 2011


FKLI bias is neutral after the wild swinging move yesterday.
A close above yesterday's high of 1490 should turn bias up and the next resistance is at 1505.
Support is still Tuesday low of 1473 and followed by the gap of 1460.
The longer term trend is neutral to down.
Sentiment is muted as futures was priced about fair.
The 21 day moving average is now at 1461.

R1/1490 R2/1505 R3/1513
S1/1473 S2/1460 S3/1440

No comments:

Post a Comment