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.

R1/1593 R2/1596 R3/1600
S1/1588 S2/1583 S3/1578

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