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Friday, December 9, 2011
FBMKLCI Futures - Daily Message 9 Dec 2011
FKLI bias turned down after breaking below 1473 support and a close lower is needed to keep bias intact. Support is now the gap of 1460 followed by the low of 1440. The broken support of 1473 has now turned support followed by Wed's high of 1490. The longer term trend is down. Sentiment turned weak as futures was price at discount to cash. The 21 day MAV line is now at 1460.
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