BursaKakis Channel , [04.12.16 09:11]
CPO Futures Likely To Trade In Range Of RM2,729 Range A Tonne
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR — Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to trade in the range of RM2,729 per tonne next week on a technical correction ahead of the Christmas holidays. Interband Group Senior Palm Oil Trader, Jim Teh, said international traders were expected go on leave for the festive season, leaving the physical selling to move slowly. “However, for the paper trading (CPO futures), prices are doing well due to speculative play and the weaker ringgit against the US dollar, which in turn, makes the CPO prices interesting for buyers,” he told Bernama.
On a Friday-to-Friday basis, December 2016 surged RM78 to RM3,120 a tonne, January 2017 increased RM49 to RM3,085 a tonne, February 2017 was up RM44 to RM3,076 a tonne and March 2017 rose RM40 to RM3,061 a tonne. Weekly turnover was higher at 195,818 lots from 170,157 lots last Friday, while open interest eased to 227,292 contracts from 233,386 contracts. On the physical market, December South increased RM120 to RM3,200 a tonne from the previous week.
Bernama eBiz 3/12/2016
BursaKakis Channel , [04.12.16 09:14]
Bursa Malaysia Likely To Trend Higher
By Sharifah Pirdaus Syed Ali
KUALA LUMPUR — Bursa Malaysia is likely to trend higher next week on the back of better sentiment brought about by the increase in commodities prices. Affin Hwang Investment Bank Vice President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the prices of commodities like rubber, crude palm oil and crude oil had moved up and improving.
“The oil price, which touched above US$50 per barrel after the Organisation of Petroleum Exporting Countries (Opec) reached a deal to cut production, would contribute positively to the market sentiment, especially on oil- and gasrelated stocks,” he told Bernama. However, he said, the ringgit’s volatility would continue ahead of the Federal Reserve System’s (Fed) policy meeting on Dec 15 and 16 this year, where the US interest rate was expected to be increased by 25 basis points. “This uncertainty is expected to affect the ringgit and the equity market but the sentiment will normalise once the Fed’s decision is announced,” he said. Weekly turnover increased to 7.40 billion units worth RM9.44 billion from the 7.02 billion units worth RM7.53 billion registered last Friday. Main market volume improved to 5.10 billion shares valued at RM9.09 billion from the 4.64 billion shares valued at RM7.11 billion last week.
Bernama eBiz 3/12/2016
+++++++++++++
Logic Trading Analysis Channel, [03.12.16 22:31]
BURSA MALAYSIA MARKET IDEAS MONDAY (05/12/2016):
FBMKLCI CATCHING THE CHRISTMAS PRESENT
Dear All,
The FBMKLCI closed higher at +2.52 point or +0.15% to close at 1628.96.
FBMKLCI have been sideways for nearly 3 weeks at bottom, it’s time to see whether our market can recover and go higher a bit in this window dressing month.
DJIA remain strong sideways at peak, although this level is a bit worry because once big fall will be painful, however expecting this month will remain supported. Looking at Trump Dream Team cabinet, I am very impressed with his performance so far, hopefully he can really make American great again and also bring some luck to whole world recovery.
About Italy, we have to wait and see what is the result, if its bad then we have to be careful again.
For coming week, remain focus on some oil stock such as DNEX, HIBISCS, DAYANG, other like DRBHCOM, FGV, SALUTE, DSONIC, AFFIN, KRETAM and many more.
We are always open for advisory if you need, do pm us if you have any trading problems !
https://telegram.me/ltachannel !
+601131928483 (pm telegram only)
Chase the vision not the money the money will end up following you this Monday !! !
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
Views – 475
Analisis 05/12/2016
BursaKakis Channel , [04.12.16 09:11]
CPO Futures Likely To Trade In Range Of RM2,729 Range A Tonne
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR — Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are likely to trade in the range of RM2,729 per tonne next week on a technical correction ahead of the Christmas holidays. Interband Group Senior Palm Oil Trader, Jim Teh, said international traders were expected go on leave for the festive season, leaving the physical selling to move slowly. “However, for the paper trading (CPO futures), prices are doing well due to speculative play and the weaker ringgit against the US dollar, which in turn, makes the CPO prices interesting for buyers,” he told Bernama.
On a Friday-to-Friday basis, December 2016 surged RM78 to RM3,120 a tonne, January 2017 increased RM49 to RM3,085 a tonne, February 2017 was up RM44 to RM3,076 a tonne and March 2017 rose RM40 to RM3,061 a tonne. Weekly turnover was higher at 195,818 lots from 170,157 lots last Friday, while open interest eased to 227,292 contracts from 233,386 contracts. On the physical market, December South increased RM120 to RM3,200 a tonne from the previous week.
Bernama eBiz 3/12/2016
BursaKakis Channel , [04.12.16 09:14]
Bursa Malaysia Likely To Trend Higher
By Sharifah Pirdaus Syed Ali
KUALA LUMPUR — Bursa Malaysia is likely to trend higher next week on the back of better sentiment brought about by the increase in commodities prices. Affin Hwang Investment Bank Vice President/Head of Retail Research, Datuk Dr Nazri Khan Adam Khan, said the prices of commodities like rubber, crude palm oil and crude oil had moved up and improving.
“The oil price, which touched above US$50 per barrel after the Organisation of Petroleum Exporting Countries (Opec) reached a deal to cut production, would contribute positively to the market sentiment, especially on oil- and gasrelated stocks,” he told Bernama. However, he said, the ringgit’s volatility would continue ahead of the Federal Reserve System’s (Fed) policy meeting on Dec 15 and 16 this year, where the US interest rate was expected to be increased by 25 basis points. “This uncertainty is expected to affect the ringgit and the equity market but the sentiment will normalise once the Fed’s decision is announced,” he said. Weekly turnover increased to 7.40 billion units worth RM9.44 billion from the 7.02 billion units worth RM7.53 billion registered last Friday. Main market volume improved to 5.10 billion shares valued at RM9.09 billion from the 4.64 billion shares valued at RM7.11 billion last week.
Bernama eBiz 3/12/2016
+++++++++++++
Logic Trading Analysis Channel, [03.12.16 22:31]
BURSA MALAYSIA MARKET IDEAS MONDAY (05/12/2016):
FBMKLCI CATCHING THE CHRISTMAS PRESENT
Dear All,
The FBMKLCI closed higher at +2.52 point or +0.15% to close at 1628.96.
FBMKLCI have been sideways for nearly 3 weeks at bottom, it’s time to see whether our market can recover and go higher a bit in this window dressing month.
DJIA remain strong sideways at peak, although this level is a bit worry because once big fall will be painful, however expecting this month will remain supported. Looking at Trump Dream Team cabinet, I am very impressed with his performance so far, hopefully he can really make American great again and also bring some luck to whole world recovery.
About Italy, we have to wait and see what is the result, if its bad then we have to be careful again.
For coming week, remain focus on some oil stock such as DNEX, HIBISCS, DAYANG, other like DRBHCOM, FGV, SALUTE, DSONIC, AFFIN, KRETAM and many more.
We are always open for advisory if you need, do pm us if you have any trading problems !
https://telegram.me/ltachannel !
+601131928483 (pm telegram only)
Chase the vision not the money the money will end up following you this Monday !! !
“Goreng Tetap Goreng” !
Yours Sincerely,
Logic Trading Analysis
Views – 475