Friday, March 2, 2012

FBMKLCI Futures - Daily Message 2 Mar 2012


FKLI bias stays up and a higher close should keep bias intact.
Resistance is now yesterday's close of 1575 and followed by 1580.
Yesterday's low of 1570 has now turned support and followed by Monday's high of 1564.5.
The longer term trend is neutral to down.
Sentiment is upbeat as futures is at premium to cash.
The 21 day moving average is now at 1552.

R1/1575 R2/1580 R3/1590
S1/1570 S2/1564.5 S3/1560

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