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 – 187
Commentary 130114
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
CHARTS
TF60M
TF5M
Catatan
Views – 187