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.

R1/1580 R2/1586 R3/1590
S1/1574 S2/1570 S3/1565

No comments:

Post a Comment