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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.
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