Blog Discontinued

Hi all,

With the introduction of daily FKLI and FCPO report by OSK Retail Research, the Daily Message is discontinued.

FBMKLCI Futures - Daily Message 10 Apr 2012

FKLI bias turned down after the weak close and it has to close below 1583 to keep bias intact.
Further support is at 1578, the low of 2 weeks ago, and then 1570.
The 1588 level has now turned into a resistance and followed by 1594.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount remains.
The 21 day moving average is now at 1585.

R1/1588 R2/1594 R3/1598
S1/1583 S2/1578 S3/1570

FBMKLCI Futures - Daily Message 9 Apr 2012

FKLI bias turned up and it has to close higher to keep bias intact.
Resistance remains at 1598, the high of Thursday and Friday, and followed by last TueSday's low of 1602.
Support is now Friday's afternoon low of 1594 and thereafter Friday's low of 1588.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was at discount to cash.
THe 21 day moving average is now at 1584.

R1/1598 R2/1602 R3/1606
S1/1594 S2/1588 S3/1583

FBMKLCI Futures - Daily Message 6 Apr 2012

FKLI bias stays down after the lower close and it has to close below 1588 to keep bias intact.
Further support is at Monday's low of 1583 and thereafter 1578, the low of last week.
Resistance remains at 1595, the failed breakout of yesterday and then Tuesday's low of 1602.
The longer term trend is neutral.
The 21 day moving average is now at 1584.

R1/1595 R2/1602 R3/1606
S1/1588 S2/1583 S3/1578

FBMKLCI Futures - Daily Message 5 Apr 2012

FKLI bias turned down after the weak close and a lower close should keep bias intact.
Support is now the prior resistance of 1588 and followed by last Friday's low of 1583.
Resistance is last week's high of 1595 and thereafter Tuesday's low of 1602.
The longer term trend is neutral to down.
Sentiment stayed weak as futures discount to cash remains.
The 21 day moving average is now at 1584.

R1/1595 R2/1602 R3/1507
S1/1588 S2/1583 S3/1578

FBMKLCI Futures - Daily Message 4 Apr 2012

FKLI bias turned stays up but it has to close higher to keep bias intact.
Resistance is yesterday's high of 1606 and followed by 1610.
Support is now the broken resistance of 1600 and then last week's high of 1595.
The longer term trend is up.
Sentiment stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1583.

R1/1606 R2/1610
S1/1600 S2/1595 S3/1588

FBMKLCI Futures - Daily Message 3 Apr 2012

FKLI bias stays up but it has to close above 1600 to keep bias intact.
A violation of 1600 will see it all time high, expect resistance at every 5pts interval.
Support is now Friday's high of 1595 and followed by the 1588.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount to cash persist.
The 21 day moving average is now at 1582.

R1/1600 R2/1605 R3/1610
S1/1595 S2/1588 S3/1583

FBMKLCI Futures - Daily Message 2 Apr 2012

FKLI bias turns up after the firm close and a higher close should keep bias intact.
Resistance is now the rally high of 1596 and thereafter the psychological 1600.
The broken resistance of 1588 has now turned support and followed by 1583.
The longer term trend is neutral to down.
Sentiment was weak as futures was at discount to cash.
The 21 day moving average is now at 1582.

R1/1596 R2/1600 R3/1610
S1/1588 S2/1583 S3/1578

FBMKLCI Futures - Daily Message 30 Mar 2012

FKLI bias is neutral after no follow though selling yesterday. A higher close should turn bias up.
Resistance remains at Tuesday's low of 1588 and then Tuesday's high of 1593.
Support stays at Monday's low of 1583, where a failed break happened yesterday, and followed by yesterday's low of 1578.
The longer term trend is neutral to down.
Sentiment was marginally weak as futures was at slight discount to cash.
The 21 day moving average is now at 1580.

R1/1588 R2/1593 R3/1596
S1/1583 S2/1578 S3/1570

FBMKLCI Futures - Daily Message 29 Mar 2012

FKLI bias turned down after the weak close and it has to close below 1583 to keep bias intact.
After 1583, supports are expected at prior resistance of 1578 and then last week's low of 1570.
Resistance is now 1588, the low of Tuesday, and thereafter Tuesday's high of 1593.
The longer term trend is neutral to down.
Sentiment was neutral as futures as priced about fair to cash.
The 21 day moving average is now at 1579.

R1/1588 R2/1593 R3/1596
S1/1583 S2/1578 S3/1570

FBMKLCI Futures - Daily Messsage 28 Mar 2012

FKLI bias turned up after the firmer close but it has to close higher to keep bias intact.
Resistance is yesterday's high of 1593 and followed by Mar high of 1596.
Yesterday's low of 1588 has now turned support and thereafter Monday's low of 1583.
The longer term trend is neutral to down.
Sentiment stays positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1579.

R1/1593 R2/1596 R3/1600
S1/1588 S2/1583 S3/1578

FBMKLCI Futures - Daily Message 23 Mar 2012

FKLI bias turned down after the weak close but a close above 1585 will restore the upward bias.
Support is now Monday and Tuesday's high of 1578 and followed by week low of 1570.
Resistance remains at yesterday's high of 1592 and thereafter the year's high of 1596.
The longer term trend in neutral to down.
Sentiment is neutral as futures was priced about fair.
The 21 day moving average is now at 1574.

R1/1585 R2/1592 R3/1596
S1/1578 S2/1570 S3/1565

FBMKLCI Futures - Daily Message 22 Mar 2012

FKLI bias turne up after the strong move and a higher close should keep bias intact.
Resistance is now 1592 and thereafter Mar high of 1596.
The broken resistance of 1585 has now turned support and followed by the prior 3-day high of 1578.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was at premium to cash.
The 21 day moving average is now at 1574.

R1/1592 R2/1596 R3/1600
S1/1585 S2/1578 S3/1574

FBMKLCI Futures - Daily Message 21 Mar 2012

FKLI bias is neutral after the higher close.
A close above 1578 should turn bias up and the next resistance is last week's high of 1585.
A close belwo 1574 should turn bias down and the next support is monday's low of 1570.
The longer term trend is neutral to down.
Sentiment was somewhat weak as futures was at discount to cash.
The 21 day moving average is now at 1572.

R1/1578 R2/1585 R3/1592
S1/1574 S2/1570 S3/1565

FBMKLCI Futures - Daily Message 20 Mar 2012

FKLI bias stays down and a lower close shuold keep bias intact.
Support is now yesterday's low of 1570 and followed by the prior important support of 1565.
Yesterday's high of 1578 is now resistance and thereafer last week's high of 1585.
The longer term trend is neutral to down.
Sentiment was weak as futures was price cheap to cash.
The 21 day moving average is now at 1572.

R1/1578 R2/1585 R3/1590
S1/1570 S2/1565 S3/1560

FBMKLCI Futures - Daily Message 19 Mar 2012

FKLI bias turned down and it has to close below 1574 to keep bias intact.
Further supports are expected at prior resistance of 1570 and then the low of last week at 1562.
Resistance is now at the broken support of 1578 and thereafter the 2-day high of 1585.
The longer term trend is neutral to down.
Sentiment nonetheless stays upbeat as futures was at premium to cash.
The 21 day moving average is now at 1571.

R1/1578 R2/1585 R3/1590
S1/1574 S2/1570 S3/1562

FBMKLCI Futures - Daily Message 16 Mar 2012

FKLI bias stays up after the higher close but it has to close above 1585 to keep bias intact.
Above 1585, expect resistance at 1592 and then recent high of 1596.
Support is now yesterday's gap of 1578 and followed by the important level of 1574.
The longer term trend is neutral to down.
Sentiment was a touch upbeat as futures was at slight premium to cash.
The 21 day moving average is now at 1570.

R1/1585 R2/1592 R3/1596
S1/1578 S2/1574 S3/1570

FBMKLCI Futures - Daily Message 9 Mar 2012

FKLI bias stays neutral after another sideways move.
A close above Wednesday's high of 1580 should turn bias up and the next resistance is at 1586.
A close below Wednesday's low of 1574 should turn bias down and the next support is at 1570.
The longer term trend is neutral to down.
Sentiment was neutral as futures was about fair to cash.
The 21 day moving average is now at 1560.

R1/1580 R2/1586 R3/1590
S1/1574 S2/1570 S3/1565

FBMKLCI Futures - Daily Message 8 Mar 2012

FKLI bias is neutral after the sideways move yesterday.
A close above 1580 will turn bias up and the next resistance is at 1586.
A close below 1573 will turn bias down and the next support is at 1570.
The longer term trend is neutral to down.
Sentiment is neutral as futures is priced about fair.
The 21 day moving average is now at 1565.

R1/1580 R2/1586 R3/1592
S1/1573 S2/1570 S3/1565

FBMKLCI Futures - Daily Message 6 Mar 2012

FKLI bias stays up and a higher close should keep bias intact.
Resistance is yesterday's high of 1596 and followed by 1600.
Support is expected to come at 1592 with a stronger one at 1587.
The longer term trend is neutral to down.
Sentiment stays upbeat as futures was at premium to cash.
The 21 day moving average is now at 1560.

R1/1596 R2/1600
S1/1592 S2/1587 S3/1582.5

FBMKLCI Futures - Daily Message 5 Mar 2012

FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1590, just above last week's high and followed by the psychological 1600.
Support is now Friday's afternoon low of 1582.5 and then 1576, the gap of Friday's morning.
The longer term trend is neutral to down.
Sentiment stayed positive as futures was at premium to cash.
The 21 day moving average is now at 1557.

R1/1590 R1/1600
S1/1582.5 S2/1576 S3/1570

FBMKLCI Futures - Daily Message 2 Mar 2012

FKLI bias stays up and a higher close should keep bias intact.
Resistance is now yesterday's close of 1575 and followed by 1580.
Yesterday's low of 1570 has now turned support and followed by Monday's high of 1564.5.
The longer term trend is neutral to down.
Sentiment is upbeat as futures is at premium to cash.
The 21 day moving average is now at 1552.

R1/1575 R2/1580 R3/1590
S1/1570 S2/1564.5 S3/1560

FBMKLCI Futures - Daily Message 1 Mar 2012

FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1580 and thereafter 1590, both a prior short term high and low.
The previous resistance levels of 1570 and 1564.5 have now turned support.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was at premium to cash.
The 21 day moving average is now at 1550.

R1/1580 R2/1590 R3/1600
S1/1570 S2/1564.5 S3/1560

FBMKLCI Futures - Dialy Message 29 Feb 2012

FKLI bias turned neutral after yesterday's afternoon rebound.
A close above yesterday's high of 1560 should turn bias and next resistance is 1564.5.
A close below 1553, which it failed to do yesterday, will turn bias down and next support is 1546.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced about fair.
The 21 day moving average is now at 1548.

R1/1560 R2/1564.5 R3/1570
S1/1553 S2/1546 S3/1540

FMKLCI Futures - Daily Message 28 Feb 2012

FKLI bias turned down after the weak closing and it has to close below 1553 support level to keep bias intact.
Further support is at 1456, the low of 2 weeks ago, and followed by 1540.
Resistance is now at 1560 and thereafter last Friday's high of 1564.5.
The longer term trend is neutral to down.
Sentiment turned weak as futures was priced at discount to cash.
The 21 day moving average is now at 1546.

R1/1560 R2/1564.5 R3/1570
S1/1553 S2/1546 R3/1540

FBMKLCI Futures - Daily Message 27 Feb 2012

FKLI bias turned up after the positive close and a higher close should keep bias intact.
Resistance is now 1564.5, last Friday high and also the high of 15 Feb, and thereafter last week's high of 1570.
The 1560 has now turned into support and followed by gap of 17 Feb of 1553.
The longer term trend is neutral to down.
Sentiment stayed positive as futures premium to cash widened.
The 21 day moving average is now at 1545.

R1/1564.5 R2/1570 R3/1580
S1/1560 S2/1553 S3/1548

FBMKLCI Futures - Daily Message 24 Feb 2012

FKLI bias is neutral after the unchanged close.
A close above yesterday's high of 1561 should turn bias up and the next resistance in the week high of 1570.
A close below yesterday's low of 1553 should turn bias down and next support is last week's low of 1546.
The longer term trend is neutral to down.
The 21 day moving average is 1543.

R1/1561 R2/1570 R3/1580
S1/1553 S2/1546 S3/1540

FBMKLCI Futures - Daily Message 23 Feb 2012

FKLI bias turned down but it has to close below 1556 resistance level to keep bias intact.
Further support is at 1553, the gap of 17 Feb, and followed by 1547, the low of last week.
Yesterday's morning low of 1563 has now turned resistance and thereafter 1570, the high of the week.
The longer term trend is neutral to down.
The 21 day moving average is now at 1541.

R1/1563 R2/1570 R3/1580
S1/1556 S2/1553 S3/1547

FBMKLCI Futures - Daily Message 22 Feb 2011

FKLI bias stays up and a higher close should keep bias intact.
Resistance remains at 1570 and thereafter 1580, both a prior high and low.
Yesterday's resistance of 1564 has now turned support and followed by Monday's low of 1556.
The longer term trend is neutral to down.
Sentiment stayed upbeat as futures was priced rich to cash.
The 21 day moving average is now at 1540.

R1/1570 R2/1580 R3/1590
S1/1564 S2/1556 S3/1553

FBMKLCI Futures - Daily Message 21 Feb 2012

FKLI bias stays up following the firmer close and a higher close should keep bias intact.
Resistance remains at 1564, the intraday high of last week and followed by prior high of 1570.
Yesterday's low of 1556 should come as support and thereafter the gap of last Friday at 1553.
The longer term trend is neutral to down.
Sentiment was slightly upbeat as futures remains at premium to cash.
The 21 day moving average is now at 1537.

R1/1564 R2/1570 R3/1580
S1/1556 S2/1553 S3/1547

FBMKLCI Futures - Daily Message 20 Feb 2011

FKLI bias turned up after the firm close and another close above 1560 should keep bias intact.
Resistance is last week's high of 1564 and followed by 1570.
Support is last Friday's gap high low of 1553 and thereafter Thursday's low of 1547.
The longer term trend is neutral to down.
Sentiment was slightly upbeat as futures was at a touch premium to cash.
The 21 day moving average is now at 1535.

R1/1564 R2/1570 R3/1580
S1/1560 S2/1553 S3/1547

FBMKLCI Futures - Daily Message 16 Feb 2012

FKLI bias stays up but it has to close above 1562.5 to keep bias intact.
Resistance remains at 1570 and thereafter 1580.
Support is still at Tuesday's low of 1554 and followed by 1548.
The longer term trend in neutral to down.
Sentiment was muted as futures was priced about fair.
The 21 day moving average is now at 1531.

R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542

FBMKLCI Futures - Daily Message 15 Feb 2012

FKLI bias still carries a hint of upward bias but it needs to close above 1562.50 to keep bias intact.
Further resistance is expected at 1570 and 1580, both a prior high and low.
Support is now at 1554, yesterday's low and thereafter 1548.
The longer term trend is neutral to down.
Sentiment stays weak as futures are at discount to cash.
The 21 day moving average is now at 1531.

R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542

FBMCKLI Futures - Daily Message 14 Feb 2012

FKLI has a slight upward bias after the higher close but it has to close above 1562.5, yesterday's high to keep bias intact.
Next resistance is at 1570 and thereafter 1580, a prior low.
Support is at 1554, near yesterday's low and followed by 1548.
The longer term trend is neutral to down.
Sentiment stays weak as futures was at discount to cash.
The 21 day moving average is now at 1530.

R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542

FBMKLCI Futures - Daily Message 13 Feb 2012

FKLI bias is neutral after the weak close last Friday.
Resistance is now at 1556 and a close higher should turn bias up and next resistance is at 1562.
Support is now at 1548 and a close below should turn bias down and next support is at 1540.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was cheap to cash.
The 21 day moving average is now at 1527.

R1/1556 R2/1562 R3/1570
S1/1548 S2/1540 S3/1536

FBMKLCI Futures - Daily Message 10 Feb 2012

FKLI bias stays up and a higher close should keep bias intact.
Resistance is now yesterday's high of 1560 and thereafter Jul 2011 high of 1570.
Support is now at 1548, the high of Wednesday and followed by Wed's low of 1540.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at discount to cash.
The 21 day moving average is now at 1525.

R1/1560 R2/1570 R3/1580
S1/1548 S2/1542 S3/1536

FBMKLCI Futures - Daily Message 8 Feb 2011

FKLI bias stays up and a higher close should keep bias intact.
Resistance is now at last week's high of 1542 and followed by the psychological 1550.
The 1536 has not turned into support and thereafter the low broken resistance of 1530.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced fair.
The 21 day moving average is now at 1521.

R1/1542 R2/1550 R3/1570
S1/1536 S2/1530 R3/1522

FBMKLCI Futures - Daily Message 3 Feb 2012

FKLI bias stays up but it has to close higher to keep bias intact.
Strong resistance remains at 1530, tested yesterday and followed by last week's intraday high of 1536.
Support is at 1522, a prior support level and thereafter 1515.
The longer term trend is neutral to down.
Sentiment was extremely bearish as futures was at wide discount to cash, probably the widest in a while.
The 21 day moving average is now at 1520.

R1/1530 R2/1536 R3/1541
S1/1522 S2/1515 S3/1510

FBMKLCI Futures - Daily Message 2 Feb 2012

FKLI bias turned up after the strong rebound but it has to close higher to keep bias intact.
Resistance is at the prior low of 1522 and followed by the strong resistance of 1530.
Last Tuesday's low of 1506 is now support and thereafter the psychological 1500.
The longer term trend is neutral to down.
Sentiment is stays weak as futures remains at steep discount to cash.
The 21 day moving average is now at 1520.

R1/1522 R2/1530 R3/1536
S1/1515 S2/1506 S3/1500

FBMKLCI Futures - Daily Message 31 Jan 2012

FKLI bias turned down after the weak close but it has to close below 1500 to keep bias intact.
Further support is at 1490 and followed by 1480, both were an important level before.
Resistance is now 1510 and followed by 1515.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at steep discount to cash.
The 21 day moving average is now at 1519.

R1/1510 R2/1515 R3/1523
S1/1500 S2/1490 S3/1480

FBMLCI Futures - Daily Message 30 Jan 2012

FKLI bias is mildly weak after the weak close Friday.
However, a close back above 1523 should restore the upward bias. Further support is at 1515.
Strong resistance remains at 1530, and followed by last week's intraday high of 1536.50.
The longer term trend is neutral to down.
The 21 day moving average is now at 1519.

R1/1530 R3/1536.5 R3/1541
S1/1523 S2/1515 S3/1510

FBMKLCI Futures - Daily Message 27 Jan 2012

FKLI bias is neutral after the lower close yesterday.
A higher close today should turn bias up and resistance is still expected at 1530 and then the week intraday high of 1536.
Support remains at 1532, not far from yesterday's low, and followed by 1515, the low of last Friday.
The longer term trend is neutral to down.
Sentiment was neutral as futures was price about fair.
The 21 day moving average is now at 1518.

R1/1530 R2/1536 R3/1541
S1/1532 S2/1515 S3/1510

FBMKCI Futures - Daily Message 25 Jan 2012

FKLI bias stays up and a higher close should keep bias intact.
Resistance remains at 1530, tested several times in the past 2 weeks and followed by 1541.
Support is 1523, a prior low, and thereafter 1515, the low of last Friday.
The longer term trend is neutral to down.
Sentiment stayed upbeat as futures was priced at slight premium to cash.
The 21 day moving average is now at 1515.

R1/1530 R2/1541 R3/1558
S1/1523 S2/1515 S3/1510

FBMKLCI Futures - Daily Message 20 Jan 2011

FKLI bias turned up after the higher close but it has to close above 1523.50 to keep bias intact.
If broken, next resistance is 1532.50, tested several times last week, and thereafter 1541.
Support is still 1515, the gap of Wednesday and followed by 1510.
The longer term trend is neutral to down.
Sentiment is upbeat as futures was price at significant premium to cash.
The 21 day moving average is now at 1512.

R1/1523 R2/1532 R3/1541
S1/1515 S2/1510 S3/1502

FBMKLCI Futures - Daily Message 19 JAn 2012

FKLI bias was neutral after the lackluster move.
A close above 2 day high of 1523 should the bias turning up and next resistance is at 1532.50.
A close below 2-day low of 1515 should turn bias down with support also expected at 1510.
The longer term trend is neutral to down.
Sentiment was somewhat weak as futures was at discount to cash.
The 21 day moving average is now at 1510.

R1/1523 R2/1532 R3/1541
S1/1515 S2/1510 S3/1502

FBMKLCI Futures - Daily Message 18 Jan 2012

FKLI bias turned up after the strong close and it has to close above 1522 to keep bias intact.
Resistance is now 1530, tested multiple times last week and thereafter 1541.
Support is expected at 1515, gap of yesterday's afternoon session and followed by 1510, yesterday's morning gap.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was priced at slight premium to cash.
The 21 day moving average is now at 1507.

R1/1522 R2/1530 R/1541
S1/1515 S2/1510 S3/1502

FBMKLCI Futures - Daily Message 17 Jan 2012

FKLI bias turned down and a close below 1510 should keep the bias intact.
Support is now at 1502, the low of 2 weeks ago and then 1493, the low of 3 weeks ago.
Resistance is now 1522, the low of last week and followed by a stronger one at 1530.
The longer term trend is neutral to down.
Sentiment is neutral as futures was priced about fair to cash.
The 21 day moving average is 1505.

R1/1510 R2/1522 R2/1530
S1/1502 S2/1493 S3/1480

FBMKLCI Futures - Daily Message 13 Jan 2011

FKLI bias stays neutral after an unchanged close.
A close below 2 day low of 1522 will turn bias down and the next support is at 1515.
A close above 1530 will see the return of upward bias and resistance is 1541.
The longer term trend is neutral to down.
Sentiment turned weak as futures was priced at discount to cash.
The 21 day moving average is now at 1500.

R1/1530 R2/1541 R3/1558
S1/1522 S2/1515 S3/1502

FBMKLCI Futures - Daily Message 12 Jan 2012

FKLI bias is neutral after the weak close but a close below 1522 should turn bias down.
Support is then at 1515, the low of the week, and followed by 1502, the low of last week.
Resistance is still 1530 and thereafter 1541.
The longer term trend is neutral to down.
Sentiment is neutral as futures was priced about fair.
The 21 day moving average is now at 1497.

R1/1530 R2/1541 R3/1558
S1/1522 S2/1515 S3/1502

FBMKLCI Futures - Daily Message 11 Jan 2012

FKLI bias stays up but it has to close above 1530 to keep bias intact.
Again, if broken the next resistance is at prior low of 1541 and followed by 1558.
Support is 3-day low of 1515 and then last week's low of 1502.
The longer term trend is neutral to down.
The 21 day moving average is now at 1493.

R1/1530 R2/1541 R3/1558
S1/1515 S2/1502 S3/1493

FNMKLCI Futures - Daily Message 10 Jan 2011

FKLI bias stays up but it has to close above 1530 to keep bias intact.
Above 1530, resistance is expected at 1541 and followed by 1558.
Support is now at 2-day low of 1515 and followed by last week's low of 1502.
The longer term trend is neutral to down.
Sentiment is still positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1490.

R1/1530 R2/1541 R3/1558
S1/1515 S2/1502 S3/1493