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Tuesday, March 20, 2012
FBMKLCI Futures - Daily Message 20 Mar 2012
FKLI bias stays down and a lower close shuold keep bias intact. Support is now yesterday's low of 1570 and followed by the prior important support of 1565. Yesterday's high of 1578 is now resistance and thereafer last week's high of 1585. The longer term trend is neutral to down. Sentiment was weak as futures was price cheap to cash. The 21 day moving average is now at 1572.
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