Monthly Archives: January 2014

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Commentary

OSK - Technical Analyzer_FKLI FCPO_20140109_RHB Retail Research

MBB-

Technically, there are some bearish signals shown by price below the averages, with slightly weak momentum. Selling forces appears to be getting more aggressive but mainly confined to day trading activities. However, after 5 consecutive days of decline and a short rally in soybean oil overnight market, palm oil prices may be influenced to take a technical rally as the decline may deemed as a bit overdone.Nearest support is pegged at RM 2,540 and resistance seen at RM 2,585.
Market view: Sideways to higher with choppy trading seen within support and resistance points.

FCPO Daily Commentary -  FCPO090114

Petunjuk Pasaran Luar  10.00 pg

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

CHARTS

TF60M

TF5M

Catatan

 

Views – 59

OSK –  Technical Analyzer_FKLI FCPO_20140108_RHB Retail Research

MBB

The market is expected to react to soybean oil movement sentiments but our local sentiment seemed to be supportive after the market takes a sharp dip ahead of MPOB’s report scheduled this Friday, 10th January, 2013. Prices of soybean oil has also found a temporary support and has rebounded of its low of 37.67 to 37.90 level.Nearest next crucial support is pegged at the low seen on 18th December at RM 2,545 while resistance is pegged at RM 2,585.Market view: Price may take a brief technical rebound in choppy trading within support and resistance points.

FCPO Daily Commentary - FCPO080114

Petunjuk Pasaran Luar  10.00pg

Open Last Beza Peratus
Dalian Soybeans  4412  4411  -8
Dalian Soybean Oil  6460  6500  -14  -0.21%
Dalian Palm Oil
CBOT Soybean Oil  37.94  37.80  -0.15  -0.40%

CHARTS

TF60M

080114

TF5M

080114_tf5m

Views – 60

OSK –  Technical Analyzer_FKLI FCPO_20140107_RHB Retail Research

MBB

Today we expectto see similar pattern which is gap down on opening following another soybean oil plunge to 38 US cents per pound.Local sentiment may continue to be supportive and the reaction to the soybean oil prices could only last for the early trading session.

2600 level may turn to be today’s nearest resistance level and further up at 2615. The nearest support is pegged at 2575 and further down at 2560.

FCPO Daily Commentary - FCPO070114

 

Views – 63

OSK - Technical Analyzer_FKLI FCPO_20140106_RHB Retail Research

MBB -

Even though the CPO is viewed as an uptrending market, its upside potential was limited due to the bearish tone in crude oil and soybean oil. We view that upside will stay limited given current scenario. CPO may continue to edge lower to test the strong support of 2600.For today, nearest support is pegged at RM2610 and lower at RM2595. Resistance is pegged at 2645 and further up at 2655.FCPO
Daily CommentaryFCPO060114
Hari ini buka gaps 10 point jam 10.30pg – kena pantau selalu tak sempat nak SELL.
Sepatutnya dah boleh SELL bila candle ke3 masih sama warna dengan candle pertama.
TF60M
060114
TF5M
060114_TF5M

Views – 60

OSK - Technical Analyzer_FKLI FCPO_20140103_RHB Retail Research

MBB -

Trading sentiment indicates buyers and sellers reservations at higher and lower levels respectively. The major trend direction is still considered up as most technical indicators shows, until opposed by new major bearish fundamentals.Nearest strong underlying support is seen at RM 2,620 while a breakout above resistance at RM 2,669 by the close will signal further upward momentum potential.

Today’s market view: Price may take a short dip and consolidate sideways within the range of the support and resistance level indicated above in an upside bias.

FCPO Daily CommentaryFCPO030114

 

Catatan:

  • Ada gaps jam 10.30 pg
  • ada Signifikan Candlestick 11.35 – 11.40 .  hala jatuh sebanyak 8 point.

 

Views – 56