OSK – Technical Analyzer_FKLI FCPO_20131227_RHB Retail Research

MBB -

Today we see the softer soybean oil prices which may weigh on the CPO price especially after its 5-day rally. Selling at highs may be the strategy for today only as the CPO is still bullish in the short and medium term.

The nearest support is pegged at 2605 and further down at 2595. Resistance is pegged at 2645 and furher up at 2655.

FCPO Daily Commentary - FCPO271213

FBR

  • Malaysia ringgit fell for 10th week, its longest losing streak in almost 21 years, after US economic data bolstered the case for the Federal Reserve to further cut stimulus that had buoyed emerging markets.  2.50pm
  • Malaysia palm oil is expected to rebound inti a range of 2883 – 3058 RM per tonne over the next three months, as indicated by a Fibonacci retracement analysis anda an inverte head and shoulders. – the edge

Charts

Hari ini ada gaps pada jam 3.00 pm, naik sikit 10 point, lepas turun

TF60M

271213

TF5M

271213_TF5M

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