Friday, January 27, 2012

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

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