Wednesday, March 21, 2012

FBMKLCI Futures - Daily Message 21 Mar 2012


FKLI bias is neutral after the higher close.
A close above 1578 should turn bias up and the next resistance is last week's high of 1585.
A close belwo 1574 should turn bias down and the next support is monday's low of 1570.
The longer term trend is neutral to down.
Sentiment was somewhat weak as futures was at discount to cash.
The 21 day moving average is now at 1572.

R1/1578 R2/1585 R3/1592
S1/1574 S2/1570 S3/1565

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