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Friday, January 6, 2012
FBMKLCI Futures - Daily Message 6 Jan 2012
FKLI bias turned up after the strong but it has to close above 1518 to keep bias intact. Resistance is at 1530, near the high of the week, and followed by 1541. Support is yesterday's low of 1510 and thereafter the week's low of 1502. The longer term trend is neutral to down. Sentiment was neutral as futures was priced at slight premium to cash. The 21 day moving average is at 1486.
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