Thursday, March 22, 2012

FBMKLCI Futures - Daily Message 22 Mar 2012


FKLI bias turne up after the strong move and a higher close should keep bias intact.
Resistance is now 1592 and thereafter Mar high of 1596.
The broken resistance of 1585 has now turned support and followed by the prior 3-day high of 1578.
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 1574.

R1/1592 R2/1596 R3/1600
S1/1585 S2/1578 S3/1574

No comments:

Post a Comment