Thursday, January 19, 2012

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

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