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Friday, March 9, 2012
FBMKLCI Futures - Daily Message 9 Mar 2012
FKLI bias stays neutral after another sideways move. A close above Wednesday's high of 1580 should turn bias up and the next resistance is at 1586. A close below Wednesday's low of 1574 should turn bias down and the next support is at 1570. The longer term trend is neutral to down. Sentiment was neutral as futures was about fair to cash. The 21 day moving average is now at 1560.
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