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FKLI continue to depress today, briefly touched below 1600-mark in the morning. Market muted today after some selling pressure yesterday.
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Plan A : Remain buy as long as market trades firmly above 1600. Targets are 1604 and 1609.
Plan B : Consider short only if market fails to support above 1600. Targets are 1595 and 1589.
FCPO
FCPO slumped early morning following the gap-down from the regional markets. Dalian closed unchanged at 7406 while soybean oil traded -2.38 at 58.53. Ringgit stays at RM4.10 against the greenback.
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Plan A : Short if market failed to support above 3924. Targets are 3901 and 3879.
Plan B : Long only if market supported firm above 3924. Targets are 3946 and 3968.
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