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.

R1/1578 R2/1585 R3/1590
S1/1570 S2/1565 S3/1560

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