Thursday, March 8, 2012

FBMKLCI Futures - Daily Message 8 Mar 2012


FKLI bias is neutral after the sideways move yesterday.
A close above 1580 will turn bias up and the next resistance is at 1586.
A close below 1573 will turn bias down and the next support is at 1570.
The longer term trend is neutral to down.
Sentiment is neutral as futures is priced about fair.
The 21 day moving average is now at 1565.

R1/1580 R2/1586 R3/1592
S1/1573 S2/1570 S3/1565

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