Friday, March 30, 2012

FBMKLCI Futures - Daily Message 30 Mar 2012


FKLI bias is neutral after no follow though selling yesterday. A higher close should turn bias up.
Resistance remains at Tuesday's low of 1588 and then Tuesday's high of 1593.
Support stays at Monday's low of 1583, where a failed break happened yesterday, and followed by yesterday's low of 1578.
The longer term trend is neutral to down.
Sentiment was marginally weak as futures was at slight discount to cash.
The 21 day moving average is now at 1580.

R1/1588 R2/1593 R3/1596
S1/1583 S2/1578 S3/1570

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