KLCI & Futures

Are the CI & Futures going to breach the strong resistances or not? "So close yet so far".

KLCI - is very close to its 970 resistance & it was tested intra-day. All other signs are positive including BB, price vs MAV, MACDH & the ADX is still strong. Will it or won't it? Well its hard to say but if it does not break out soon then it has to instead correct downwards, because the bulls will give up sometime. For now all we can do is watch.


FKLI - The futures index is slighter softer than the CI. DMI has turned slightly down, ADX is flat, MACDH is also flat. But it is still comfortably above the MAV & within the upper BB channel. There is a 3 pts discount to the CI. Again the 970 resistance is strong. Nothing we can do but wait for its next move to give us a better signal.