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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.
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