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Wednesday, March 28, 2012
FBMKLCI Futures - Daily Messsage 28 Mar 2012
FKLI bias turned up after the firmer close but it has to close higher to keep bias intact. Resistance is yesterday's high of 1593 and followed by Mar high of 1596. Yesterday's low of 1588 has now turned support and thereafter Monday's low of 1583. The longer term trend is neutral to down. Sentiment stays positive as futures was priced at slight premium to cash. The 21 day moving average is now at 1579.
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