Thursday, February 16, 2012

FBMKLCI Futures - Daily Message 16 Feb 2012


FKLI bias stays up but it has to close above 1562.5 to keep bias intact.
Resistance remains at 1570 and thereafter 1580.
Support is still at Tuesday's low of 1554 and followed by 1548.
The longer term trend in neutral to down.
Sentiment was muted as futures was priced about fair.
The 21 day moving average is now at 1531.

R1/1562.5 R2/1570 R3/1580
S1/1554 S2/1548 S3/1542

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