Monthly Archives: December 2013

You are browsing the site archives by month.

Key driver for prices

Views – 329

OSK  -  Technical Analyzer_FKLI FCPO_20131220_RHB Retail Research

MBB

Weaker Ringgit and higher soybean oil prices today may serve support to the prices. However, the palm oil exports data today may also affect the prices. Market has generally priced in the weaker demand expectation, a slight decrease in exports may not adversely impact the prices.Our view: Upside bias with a strong support and resistance pegged at 2550 and 2600. Range trading between these 2 levels is also recommended.

FCPO Daily CommentaryFCPO201213

FBR -

8.15 pg – Comex Gold dropped a lot  lastnite… close below 1,200. this morning trading at 1188-1190
9.20 pg – palm oil rallied the most in almost 2 weeks on speculation that exports from malaysia may increase after the local currency slid to the lowest level in 3 months.
charts
201213_TF5
201213

Views – 178

OSK :  Technical Analyzer_FKLI FCPO_20131219_RHB Retail Research

MBB

The market continues to display bearish tendencies and a violation of the current support may cause a downward spiral in price where the next support is pegged at RM 2,530. Nearest resistance is seen at RM 2,570. However stronger buying support could surface nearer to psychological price at RM 2,500. Intermittent minor support is expected as a normal feature in the downward trend.

Market view: Technically inspired trading. Potentially lower. Bears expected to dominate on minor bounce.

FCPO Daily Commentary  FCPO191213

Views – 175

OSK - Technical Analyzer_FKLI FCPO_20131218_RHB Retail Research

MBB

The short-lived technical rally has occurred and the chart pattern shows price below the 10 and 20 days moving average cross-over, with MACD and momentum headed in a negative direction, bearish tendencies / sentiment could prevail in the absence of new bullish news.

Market view: Sideways to potentially lower focusing mainly on day trading activities.
FCPO Daily Commentary FCPO181213

Me,

Hari ini buka dengan gaps, tapi tak boleh buka pos market tak tentu.

Views – 182

OSK - Technical Analyzer_FKLI FCPO_20131217_RHB Retail Research

MBB

For the moment, the downward technical correction is deemed intact and after a short relief rally, selling forces may try to push prices lower to retest the nearest support pegged at RM 2,550. Nearest resistance is seen at RM 2,600 level.

Market view: Sideways trading seen. Heavy selling pressure is expected on further rally. Should price break the support point, the next technical support is seen at RM 2,530.

FCPO Daily Commentary  FCPO171213

 

Trade

Indikator 5M

SELL :  2577.00   TP : 7 point

  • MACD  -  3.887
  • stoc 30.3
  • RSI  - 51.4
  • CCI   – -111.5

Views – 160