Monday, April 9, 2012

FBMKLCI Futures - Daily Message 9 Apr 2012


FKLI bias turned up and it has to close higher to keep bias intact.
Resistance remains at 1598, the high of Thursday and Friday, and followed by last TueSday's low of 1602.
Support is now Friday's afternoon low of 1594 and thereafter Friday's low of 1588.
The longer term trend is neutral to down.
Sentiment stayed weak as futures was at discount to cash.
THe 21 day moving average is now at 1584.

R1/1598 R2/1602 R3/1606
S1/1594 S2/1588 S3/1583

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