Wednesday, February 8, 2012

FBMKLCI Futures - Daily Message 8 Feb 2011


FKLI bias stays up and a higher close should keep bias intact.
Resistance is now at last week's high of 1542 and followed by the psychological 1550.
The 1536 has not turned into support and thereafter the low broken resistance of 1530.
The longer term trend is neutral to down.
Sentiment was neutral as futures was priced fair.
The 21 day moving average is now at 1521.

R1/1542 R2/1550 R3/1570
S1/1536 S2/1530 R3/1522

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