Wednesday, January 11, 2012

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

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