Commentary
OSK - Technical Analyzer_FKLI FCPO_20140116_RHB Retail Research
MBB-
Despite smaller 1-15 days export numbers, technical oversold view and “sell the news and buy the fact” scenario prevailed.
Going into a long holiday weekend, new benchmark month April futures is expected to continue a technical rally with resistance seen at RM 2,577 and nearest support pegged at RM 2,515 noting the weakness of the Ringgit.
Market view: Higher opening on early pre-weekend short-covering to be capped later on long liquidations at higher levels in choppy trading.
FCPO Daily Commentary - FCPO160114
Petunjuk Pasaran
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Open |
Last |
Beza |
Peratus |
| Dalian Soybeans |
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| Dalian Soybean Oil |
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% |
| Dalian Palm Oil |
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| CBOT Soybean Oil |
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% |
CHARTS
TF60M
TF5M
Catatan
Views – 221
COMMENTARY 160114
Commentary
OSK - Technical Analyzer_FKLI FCPO_20140116_RHB Retail Research
MBB-
Despite smaller 1-15 days export numbers, technical oversold view and “sell the news and buy the fact” scenario prevailed.
Going into a long holiday weekend, new benchmark month April futures is expected to continue a technical rally with resistance seen at RM 2,577 and nearest support pegged at RM 2,515 noting the weakness of the Ringgit.
Market view: Higher opening on early pre-weekend short-covering to be capped later on long liquidations at higher levels in choppy trading.
FCPO Daily Commentary - FCPO160114
Petunjuk Pasaran
CHARTS
TF60M
TF5M
Catatan
Views – 221