Commentary
OSK -
MBB-
Bulls were clearly dominant for the day as price broke out above the nearest psychological resistance of RM 2,600 on a bullish candlestick pattern, perhaps influenced by the weaker ringgit factor.
Strong market sentiments could force bears to take cover which may push price to the next higher resistance seen at RM 2,640. Nearest support is pegged at RM 2,590. For the market to be confirmed as bullishly intact, price must hold firm above this level by the close.
In a price ascend, intermittent price corrections on mild profit taking is expected as a normal feature.
Market view: Sideways to upward thrust potential seen on short-covering activities ahead of the week-end.
FCPO Daily Commentary -FCPO240114
Petunjuk Pasaran Luar
|
Open |
Last |
Beza |
Peratus |
| Dalian Soybeans |
|
|
|
|
| Dalian Soybean Oil |
6650 |
6660 |
0 |
% |
| Dalian Palm Oil |
5860 |
5862 |
20 |
|
| CBOT Soybean Oil |
37.86 |
37.96 |
0.13 |
0.34 % |
CHARTS
TF60M
TF5M
Catatan
Views – 196
COMMENTARY 240114
Commentary
OSK -
MBB-
Bulls were clearly dominant for the day as price broke out above the nearest psychological resistance of RM 2,600 on a bullish candlestick pattern, perhaps influenced by the weaker ringgit factor.
Strong market sentiments could force bears to take cover which may push price to the next higher resistance seen at RM 2,640. Nearest support is pegged at RM 2,590. For the market to be confirmed as bullishly intact, price must hold firm above this level by the close.
In a price ascend, intermittent price corrections on mild profit taking is expected as a normal feature.
Market view: Sideways to upward thrust potential seen on short-covering activities ahead of the week-end.
FCPO Daily Commentary -FCPO240114
Petunjuk Pasaran Luar
CHARTS
TF60M
TF5M
Catatan
Views – 196