Tuesday, February 21, 2012

FBMKLCI Futures - Daily Message 21 Feb 2012


FKLI bias stays up following the firmer close and a higher close should keep bias intact.
Resistance remains at 1564, the intraday high of last week and followed by prior high of 1570.
Yesterday's low of 1556 should come as support and thereafter the gap of last Friday at 1553.
The longer term trend is neutral to down.
Sentiment was slightly upbeat as futures remains at premium to cash.
The 21 day moving average is now at 1537.

R1/1564 R2/1570 R3/1580
S1/1556 S2/1553 S3/1547

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