Monthly Archives: January 2014

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240114_1Y

Commentary

OSK -

MBB-

Bulls were clearly dominant for the day as price broke out above the nearest psychological resistance of RM 2,600 on a bullish candlestick pattern, perhaps influenced by the weaker ringgit factor.

Strong market sentiments could force bears to take cover which may push price to the next higher resistance seen at RM 2,640. Nearest support is pegged at RM 2,590. For the market to be confirmed as bullishly intact, price must hold firm above this level by the close.

In a price ascend, intermittent price corrections on mild profit taking is expected as a normal feature.

Market view: Sideways to upward thrust potential seen on short-covering activities ahead of the week-end.

FCPO Daily Commentary -FCPO240114

 

Petunjuk Pasaran Luar 

Open Last Beza Peratus
Dalian Soybeans
Dalian Soybean Oil  6650  6660  0  %
Dalian Palm Oil  5860  5862  20
CBOT Soybean Oil  37.86 37.96  0.13 0.34 %

CHARTS

TF60M

TF5M

Catatan

 

Views – 147

230114_1Y

Commentary 

OSK - Technical Analyzer_FKLI FCPO_20140123_RHB Retail Research

MBB-

The market has reached an equilibrium level where bulls and bears are locked in battle but are evenly matched and will fight it out until 1 side emerge victorious.

Nearest resistance at RM 2,600 seem to cap market gains for the moment while support is pegged at RM 2,550. Prices are expected to hug between these 2 levels until a significant breakout occurs on high volume.

Overseas soybean oil price influence is seen as neutral going nowhere. Strong buying interest could take a short breather encouraging bearish interest to try an intraday bear raid.

Market view: Mix sentiment trading viewed bias to slightly lower. We see trading to alternate between selling near resistance level and buying on a sharp dip within the nearest resistance and support levels mentioned.

FCPO Daily Commentary  FCPO230114

TF60M

230114

TF5M

230114_TF5M

Catatan

 

Views – 120

200114_1Y

Commentary

OSK -

MBB-

Petunjuk Pasaran Luar 

Open Last Beza Peratus
Dalian Soybeans  4700  4690  33
Dalian Soybean Oil  6600  6462  76  %
Dalian Palm Oil
CBOT Soybean Oil  %

CHARTS

TF60M

TF5M

Catatan

 

Views – 126

160114

Commentary

OSK - Technical Analyzer_FKLI FCPO_20140116_RHB Retail Research

MBB-

Despite smaller 1-15 days export numbers, technical oversold view and “sell the news and buy the fact” scenario prevailed.
Going into a long holiday weekend, new benchmark month April futures is expected to continue a technical rally with resistance seen at RM 2,577 and nearest support pegged at RM 2,515 noting the weakness of the Ringgit.

Market view: Higher opening on early pre-weekend short-covering to be capped later on long liquidations at higher levels in choppy trading.

FCPO Daily Commentary - FCPO160114

 

Petunjuk Pasaran

Open Last Beza Peratus
Dalian Soybeans
Dalian Soybean Oil  %
Dalian Palm Oil
CBOT Soybean Oil  %

CHARTS

TF60M

160114

TF5M

160114_TF5M

Catatan

 

Views – 148

150114

OSK - Technical Analyzer_FKLI FCPO_20140113_RHB Retail Research

MBB-

A minor rally in soybean oil could not contain the bear raid.
Technically, the market may be a little overdone, but with the present bearish fundamentals taking charge, any intraday rally may be short-lived with the potential of more long liquidations.

The current main support is pegged at RM 2,480 and resistance is pegged at RM 2,545.
Market view: Short term sideways.

FCPO Daily Commentary - FCPO130114

 

Petunjuk Pasaran Luar  10.30 pg

Open Last Beza Peratus
Dalian Soybeans
Dalian Soybean Oil  2590  -122  %
Dalian Palm Oil
CBOT Soybean Oil  38.23  38.23  -0.09  %

CHARTS

TF60M

TF5M

Catatan

 

Views – 145