Monday, April 2, 2012

FBMKLCI Futures - Daily Message 2 Apr 2012


FKLI bias turns up after the firm close and a higher close should keep bias intact.
Resistance is now the rally high of 1596 and thereafter the psychological 1600.
The broken resistance of 1588 has now turned support and followed by 1583.
The longer term trend is neutral to down.
Sentiment was weak as futures was at discount to cash.
The 21 day moving average is now at 1582.

R1/1596 R2/1600 R3/1610
S1/1588 S2/1583 S3/1578

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