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.

R1/1473 R2/1490 R3/1505
S1/1460 S2/1440 S3/1420

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