Friday, April 6, 2012

FBMKLCI Futures - Daily Message 6 Apr 2012


FKLI bias stays down after the lower close and it has to close below 1588 to keep bias intact.
Further support is at Monday's low of 1583 and thereafter 1578, the low of last week.
Resistance remains at 1595, the failed breakout of yesterday and then Tuesday's low of 1602.
The longer term trend is neutral.
The 21 day moving average is now at 1584.

R1/1595 R2/1602 R3/1606
S1/1588 S2/1583 S3/1578

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