Global equity markets and oil prices bounced back on Tuesday after data showed the vast U.S. services sector extended a three-year expansion in January, while business activity in the euro zone showed signs of recovery. Oil rebounded on Tuesday, with London's Brent crude nearing a five-month high on rosy U.S. and European data.
Kuala Lumpur Index Futures spot month contract opened higher this morning at 1,630 as Wall Street bounces back after sell-off. Today’s Support and Resistance for February contract is located around 1,604 and 1,634 respectively.
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