Tuesday, January 10, 2012

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

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