Malaysia Derivatives Exchange >>> FBM KLCI Futures 14 July 2011

Technically, index futures is likely to continue its preceding positive momentum if the red resistance trend line could be taken out. The formation higher low on the index futures hourly chart also suggest the temporary correction would be ended. For today, support is located around1,571 while resistance is pegged at 1,590.

Daily Pivot Point

R2=1590

R1=1587

S1=1577

S2=1571

ZLBT Trade Strategy

Aggresive LONG with stop @ 1570

Target 1590, 1595, 1600, 1610

HAPPY TRADING & GOODLUCK