Tuesday, March 6, 2012

FBMKLCI Futures - Daily Message 6 Mar 2012


FKLI bias stays up and a higher close should keep bias intact.
Resistance is yesterday's high of 1596 and followed by 1600.
Support is expected to come at 1592 with a stronger one at 1587.
The longer term trend is neutral to down.
Sentiment stays upbeat as futures was at premium to cash.
The 21 day moving average is now at 1560.

R1/1596 R2/1600
S1/1592 S2/1587 S3/1582.5

No comments:

Post a Comment