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FKLI
FKLI Nov month was dropped 9 points or 0.55 to closed at 1620.5. The FBM KLCI managed to eke out modest gains on Tuesday even as overall market sentiment stayed cautious, with more than 900 stocks ending lower.
The Dow Jones index dropped 251 points to close lower at 47085 on previous session. U.S. stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations.
The actively traded FKLI contract continues to move within an upward channel on the daily chart, indicating that the long-term trend remains positive. However, on the hourly chart, the index has been trading within a sideways range since early October 2026, with crucial resistance seen at 1626–1628 and bottom remain spot at 1600–1605. A breakout in either direction could trigger the next major move. For now, the index is holding above the upper boundary of its sideways range, with crucial support identified at 1,615–1,618. Staying above this level could sustain the current buying momentum, paving the way for an upward move toward 1,624 or even 1,628. However, if the support fails to hold, selling pressure may emerge, potentially pushing prices lower toward the 1,609 range. Beware of any potential sentiment changes. Immediate support and resistance levels are identified at 1618 and 1624, respectively.
(News Source: The Star; Reuters)
Recommend Trading Plan:
Long positions may be opened above 1618 with targets at 1624/1628 and stop-loss at 1613
Short positions may be opened below 1618 with targets at 1613/1609 and stop-loss at 1623
FCPO
FCPO Jan month rose 28 points or 0.68% to closed at 4143. Malaysian palm oil futures rose on Tuesday, recovering from a near four-month low hit in the previous session, after a sharp fall last week
CBOT soyoil active traded contract dropped 0.31 points to close at 49.53 on previous session. Dalian’s active palm oil contract rose 2 points to closed at 8654 on previous night session.
The actively traded FCPO contract closed slightly higher, supported by technical buying. However, overall sentiment remains bearish as the daily chart continues to trade below the immediate resistance zone at 4150–4160. In the shorter time frame, technical buying momentum may persist if the price successfully breaks above the 4150–4160 resistance range, potentially extending toward 4175. On the other hand, if the resistance zone remains firm, renewed selling pressure could emerge from the range, leading prices to continue consolidating within a narrow band of 4150–4160, with a lower support level seen near 4100. Immediate support and resistant levels are identified at 4125 and 4156 respectively. Beware of any potential sentiment changes.
(News Source: Reuters)
Recommend Trading Plan:
Long positions may be opened above 4156 with targets at 4175/4197 stop-loss at 4136
Short positions may be opened below 4156 with targets at 4125/4098 stop-loss at 4176
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.
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