Tuesday, April 3, 2012

FBMKLCI Futures - Daily Message 3 Apr 2012


FKLI bias stays up but it has to close above 1600 to keep bias intact.
A violation of 1600 will see it all time high, expect resistance at every 5pts interval.
Support is now Friday's high of 1595 and followed by the 1588.
The longer term trend is neutral to down.
Sentiment stays weak as futures discount to cash persist.
The 21 day moving average is now at 1582.

R1/1600 R2/1605 R3/1610
S1/1595 S2/1588 S3/1583

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