Thursday, March 1, 2012

FBMKLCI Futures - Daily Message 1 Mar 2012


FKLI bias stays up and a higher close should keep bias intact.
Resistance is now 1580 and thereafter 1590, both a prior short term high and low.
The previous resistance levels of 1570 and 1564.5 have now turned support.
The longer term trend is neutral to down.
Sentiment was upbeat as futures was at premium to cash.
The 21 day moving average is now at 1550.

R1/1580 R2/1590 R3/1600
S1/1570 S2/1564.5 S3/1560

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