Trading Tips for the day - 31 December 2014

FKLI will open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 30 December 2014

FKLI will likely open very near to yesterday's close.  For the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market rose for the 8th consecutive day to highest level since 4 November. Buying followed reports of severe floodings continuing which may extend to the major producing state of Johore. Strong gains in CBT soyoil and China Dalian futures, led by the strength in palm oil, also underpinned sentiment. Prices gapped 58 to 33 higher in the morning and held steady in the afternoon.

It was all on monsoon rains and floodings. Production will definitely be lower than earlier estimates in December. Both Southern POMA and MPOA have reported big drops which may turn out bigger for the whole month as floods have not abated. Quality problems may also cause sellers to hold back. If demand maintains at previous months' pace, market strength is likely to continue. Higher India import duty is negative but is now secondary.

Technical view - prices rose above 2250 and 2286 resistance, continuing the up trend towards 2350. Overbought situation in the stochastic may see some pull back which would be buy opportunity.  Trend up ; RSI 65.13 ; stochastic overbought ; support 2250 / 2188 / 2150 / 2100 / 2083 ; resistance 2308 / 2345 / 2400.

Trading Tips for the Day - 29 December 2014

FKLI will likely open higher today.  For the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 26 December 2014

FKLI will likely open a little higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 24 December 2014

FKLI will likely open higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 22 December 2014

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed higher for the 4th consecutive day. Buying was encouraged by the good 1-20 December exports, higher CBT soyoil and China Dalian futures, and strong gains in crude mineral oil. Lower 1-20 December production reported by Southern POMA and the weaker ringgit were also supportive. Gains were however, capped by some liquidation for the year end and less appetite for new positions. Prices were 21 higher to 1 lower in the morning and were firmer in the afternoon, trading mostly around 12 to 17 higher.

Most factors are positive as we approach the year end. The higher 1-20 December exports, which may extend to 1-31 December will confirm a substantial drop in stocks. Production in December may turn out lower than earlier estimates with the current bad floodings in the east coast states and the major producing state of Johor. However, concerns over weakness in crude mineral oil, which will affect use for energy, and the uncertain global economy may keep support cautious.

Technical view - prices remain in a sideway trading range of 2100 - 2200. trend sideways ; RSI 49.38 ; parabolic SAR at 2112 ; support 2100 / 2083 / 2064 / 2000 ; resistance 2216 / 2250 / 2286.

Trading Tips for the Day - 19 December 2014

FKLI will open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points and put a stop 5 points away from your entry point.  Close your position by the end of the day. 

Trading Tips for the Day - 18 December 2014

FKLI will likely open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

As for FCPO, market closed slightly higher yesterday after choppy trading on either sides of the previous day's close. Market eroded in the morning following lower CBT soyoil, China Dalian futures and crude mineral oil. Quiet cash market also undermined sentiment. Better buying came in the afternoon, led by bottom picking. Short covering added support. Prices were 3 to 18 lower in the morning and rose to 15 higher in the afternoon.

The better close yesterday showed that sentiment is not so bearish. Market was weighed down by negative effect from very weak crude mineral oil, which may see reduced use for biodiesel.

However, palm oil fundamentals are supportive. Lower production and stocks are expected through February. Think the crude mineral oil downside is limited and palm oil is likely to trend positively in the coming weeks.

Technical view - prices are still in the 2100 - 2200 trading range, with a slightly negative bias. Trend sideways ; RSI 42.44 ; parabolic SAR at 2103 ; support 2100 / 2083 / 2064 / 2000 ; resistance 2155 / 2216 / 2250 / 2286.

Trading Tips for the Day - 17 December 2014

FKLI will likely open lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market eroded to 2-week low yesterday. Selling followed continuing big drop in crude mineral oil, which traded about USD1.50 lower in Asian trade. Lower CBT soyoil and China Dalian futures added weight. Technical sell stops below 2150 magnified losses. Reports of sharply lower Southern POMA 1-15 December production were ignored. Prices gapped 20 to 35 lower in the morning and eroded to 57 lower in the afternoon.

Negative outside factors dominated sentiment yesterday. Crude mineral oil continued to show weakness, China's manufacturing sector contracted in December with PMI falling to 49.5, Russia hiked key interest rate by 6.5 pct to 17 pct to support her rouble, Asian equities market continued to erode and forecast of weak global economy etc. However, palm oil fundamentals are supportive with sharply lower production in December and likelihood of lower stocks.

Technical view - the break below 2150 was slightly negative and may carry prices to test 2100 support.  Trend sideways ; RSI 40.70 ; parabolic SAR at 2100 ; support 2100 / 2083 / 2064 / 2000 ; resistance 2155 / 2216 / 2250 / 2286.

Trading Tips for the Day - 16 December 2014

FKLI will likely open a little lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed lower today after choppy trading session. Better sellers came at close. Selling was tied to bearish sentiment following the very weak crude mineral oil. Concerns over global economic growth, amid broadly lower Asian equities markets today, also undermined sentiment.

Market rose in early trading with support from higher CBT soyoil. Export numbers for 1-15 December were within estimates and did not have much effect. Prices were 17 higher to 17 lower in the morning and were 12 higher to 9 lower in the afternoon. There were no fresh factors. Market remained generally sideways. Weak crude mineral oil will affect demand from the biodiesel and fuel sectors. Lower production in the coming months usually provides seasonal support as stocks deplete. Fresh developments are needed for market to break out from current sideway range.

Technical view - prices are holding within the sideway trading range of 2100 - 2200 with a slightly positive bias. Trend sideways ; RSI 46.90 ; support 2140 / 2100 / 2083 / 2064 ; resistance 2216 / 2250 / 2286.

Trading Tips for the Day - 15 December 2014

FKLI will likely open lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 12 December 2014

FKLI will likely open lower today.  For the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 11 December 2014

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 10 December 2014

FKLI will open a little lower today, for the first trade, one can attempt to Long 1-3 below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

For FCPO, market closed sharply lower yesterday on better sellers in the afternoon. Selling followed rumours of low 1-10 December exports. There was early selling pressure from lower CBT soyoil, China Dalian futures and crude mineral oil. Technical weakness as prices broke below 2150 added losses. Firmer ringgit, which gained about 0.3 pct vs USD, was also negative but largely ignored.

Prices were 3 to 27 lower in the morning and eroded to 52 lower in the afternoon. Market will be looking towards the export numbers from the cargo surveyors and the MPOB November data for incentives tomorrow. Rumoured that the 1-10 December exports will be about 15 pct lower vs a month ago. This will point to slow demand and also raised concerns about higher stocks towards year end. The MPOB data is not expected to have much impact as increasing stocks are expected in both the Reuters and Bloomberg's polls. Meanwhile, weakness in crude mineral oil and easier CBT soyoil may keep the short term trend negative.

Technical view - the break below 2150 continues the negative trend. Prices may test the 2100 support.  Trend down ; RSI 40.42 ; parabolic SAR 2208 ; support 2100 / 2083 / 2064 ; resistance 2200 / 2250 / 2286.

Trading Tips for the Day - 9 December 2014

FKLI will open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 point away from your entry point.  Close your position by the end of the trading day.

For FCPO, weakness in the ringgit, which lost more than 0.8 pct vs USD, carried market higher early. Late selling closed market about unchanged. Early support was also encouraged by higher CBT soyoil and China Dalian futures. Gains were capped by erosion in crude mineral oil which fell USD 0.70 - 0.90 in Asian trade. Protection against negative MPOB data for November to be reported on 10 December, saw better selling late in the session. Prices gapped 13 to 32 higher in the morning and eased steadily lower in the afternoon.

Fresh incentives were lacking. Market was trading on outside factors today with the weak ringgit being balanced by weak mineral oil. MPOB November data is expected to report higher stocks but estimates of lower production gives forecast of stocks declining in coming months. USDA supply - demand report on 10 December is also likely to show a record high soyabean crop but demand, especially from China, has been robust. In anycase, expect the short term trend to be negative.

Technical view - prices did not break the 2200 resistance, keeping trend negative.  Trend down ; RSI 45.94 ; parabolic SAR 2208 ; support 2150 / 2100 / 2064 ; resistance 2200 / 2250 / 2286.

Trading Tips for the Day - 8 December 2014

FKLI will likely open lower, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market closed slightly higher Friday after trading on either sides of the previous day's close.  Trading was erratic with prices doing almost a full circle. There was support at the opening following a weak ringgit which lost about 0.7 pct vs USD. Lower China Dalian futures and crudemineral oil capped gains. Bloomberg's poll of sharply higher end November stocks pressured market lower. Late weekend short covering saw some recovery towards close. Prices were 11higher to 12 lower in the morning and 13 lower to 7 higher in the afternoon.

Prospects of typhoon hitting Philippines and rising lauric oils prices in coming days probably underpinned sentiment. Forecast of continuing weakness in the ringgit added support. However, there are no changes in the short term negative fundamentals. Both Bloomberg and Reuters pollsshowed sharply higher stocks are expected in the MPOB November data on 10 December. USDA is also likely to report large soyabean supplies in their supply-demand reports also on 10 December. No end in sight yet on weakness in crude mineral oil. Unless export demand improves, downside prospects are better.

Technical view - prices continue to hold the 2100 - 2200 trading range.  Trend down ; RSI 46.08 ; parabolic SAR 2219 ; support 2150 / 2100 / 2064 ; resistance 2200 / 2250 / 2286.

Trading Tips for the Day - 5 December 2014

FKLI will likely open a little lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 3 December 2014

FKLI has opened slightly lower.  Today is going to be a volatile day like yesterday.  One can attempt to Short at around 1780 and try take profit of 5-7 points profit.  Put a stop loss 5 points away.  Close your position by the end of the day.

 As for FCPO, market recovered some of Monday's losses. Buying was encouraged by a rebound in crude mineral oil which also carried CBT soyoil higher. China Dalian futures were also traded higher from the limit down prices yesterday. Short covering tied to profit taking, added gains. Ringgit gained about 0.3 pct vs USD but had little effect. Prices were 20 to 34 higher in the morning and held steady to firmer in the afternoon.

Crude mineral oil may remain in focus if its weak trend continues. There are not much changes in palm oil and the global vegetable oils fundamentals. Seasonal decline in production through February provides better incentives for support in the coming months. Lower global supplies of sun oil and rapeseed oil are also supportive. However, the big US soyabean crop and prospect of smaller use for energy are negative.

Technical view - prices are pulling back from big drop the past 3 days. Indicators remain negative.  Trend down ; RSI 41.36 ; stochastic recovered from oversold ; support 2100 / 2064 / 2000 / 1950 ; resistance 2150 / 2200 / 2250 / 2286.

Trading Tips for the Day - 2 December 2014

FKLI will open higher today, for the first trade, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 1 December 2014

FKLI will likely open lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.