Wednesday, April 4, 2012

FBMKLCI Futures - Daily Message 4 Apr 2012


FKLI bias turned stays up but it has to close higher to keep bias intact.
Resistance is yesterday's high of 1606 and followed by 1610.
Support is now the broken resistance of 1600 and then last week's high of 1595.
The longer term trend is up.
Sentiment stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1583.

R1/1606 R2/1610
S1/1600 S2/1595 S3/1588

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