OSK - Technical Analyzer_FKLI FCPO_20131231_RHB Retail Research


The continuing weak tone seen in soybean oil prices is expected to spill over into palm oil trading today. A technical market correction may be due before the year-end holiday. Nearest resistance is seen at RM 2,635 and support is pegged at RM 2,605. Buying interest is expected to keep prices maintained above psychological rounded price at RM 2,600 level unless sentiments change drastically.Market view: Sideways to lower bias. Stronger buying interest may support prices only on a sharp dip.

FCPO Daily CommentaryFCPO311213

Pada jam 11.15 pasaran berubah menjadi bullish sehingga tutup. Hari ini pergi hantar anak ke asrama, balik jam 6.30ptg. tiada trade.






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