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 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 yesterday on good support throughout the session. Buying was encouraged by reports of better interest in the cash market. Higher CBT soyoil and China Dalian futures were also supportive. Strong gains in crude mineral oil also underpinned sentiment. Stronger ringgit, which gained about 0.6 pct vs USD today, was largely ignored but may have helped to check the upside. Prices were 8 to 25 higher in the morning and extended gains to 36 higher in the afternoon.
Seasonal strength is supporting sentiment especially with current low stocks and production. There are ideas that current prices are attractive to draw better demand. Supplies will remain tight as Indonesian demand increases with the subsidy for biodiesel. However, soyabean and other oilseeds supplies remain ample. Together with weak crude mineral oil prices, they may cap the upside.
Technical view - prices have pulled back into a sideway range of 2320 - 2220. Indicators remain negative and trend down. trend down ; RSI 51.20 ; support 2216 / 2148 / 2100 ; resistance 2320 / 2355 / 2395.
Friday, February 27, 2015
Thursday, February 26, 2015
Trading Tips for the Day - 26 February 2015
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 lower yesterday after trading on either sides of the previous day's close. Selling was prompted by ideas of slow demand and prospects of February production being unchanged vs January. Firmer ringgit and easier crude mineral oil also undermined sentiment. There was support early following higher CBT soyoil and a steady cash market. Prices were 12 lower to 19 igher in the morning and 19 higher to 15 lower in the afternoon.
Fresh factors are lacking. The low exports reported by the cargo surveyors, although within expectations, point to continuing slow export demand. Quiet cash market and weakness in crude mineral oil added to the negative outlook. However, supply will also remain low with generally lower production in the first half of the year. Lesser exports from Indonesia following the prospects of increased use for fuel is also positive.
Technical view - the lower close after prices pulled up from the sharp break downwards kept indicators negative. Prices may move to 2200. Trend down ; RSI 47.48 ; 5-day MA intersected support 2216 / 2148 / 2100 ; resistance 2320 / 2355 / 2395.
As for FCPO, market closed lower yesterday after trading on either sides of the previous day's close. Selling was prompted by ideas of slow demand and prospects of February production being unchanged vs January. Firmer ringgit and easier crude mineral oil also undermined sentiment. There was support early following higher CBT soyoil and a steady cash market. Prices were 12 lower to 19 igher in the morning and 19 higher to 15 lower in the afternoon.
Fresh factors are lacking. The low exports reported by the cargo surveyors, although within expectations, point to continuing slow export demand. Quiet cash market and weakness in crude mineral oil added to the negative outlook. However, supply will also remain low with generally lower production in the first half of the year. Lesser exports from Indonesia following the prospects of increased use for fuel is also positive.
Technical view - the lower close after prices pulled up from the sharp break downwards kept indicators negative. Prices may move to 2200. Trend down ; RSI 47.48 ; 5-day MA intersected support 2216 / 2148 / 2100 ; resistance 2320 / 2355 / 2395.
Wednesday, February 25, 2015
Trading Tips for the Day - 25 February 2015
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 price. Close your position by the end of the trading day.
Tuesday, February 24, 2015
Trading Tips for the Day - 24 Feburary 2015
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.
Monday, February 23, 2015
Trading Tips for the Day - 23 February 2015
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, steady CBT soyoil and strong gains in crude mineral oil carried market higher on Wednesday, in a half day session. Support also came from some covering ahead of the 4-day Lunar New Year weekend. The weaker ringgit, which lost about 0.3 pct vs USD today, was also supportive. Prices rose 3 to 26 higher before closing around mid range.
Market continued to trade sideways in the absence of fresh incentives. Some forecast of improving production and slow demand are undermining sentiment. Talks of exports improving in the 2nd half of February are supportive, together with the stabilization in crude mineral oil price.
Think market will look towards the effect of Indonesia's biodiesel subsidies in the coming weeks for incentives. Technical view - prices continued to consolidate within a 2270 - 2350 trading range. Trend sideways ; RSI 53.94 ; support 2270 / 2216 / 2148 / 2100 ; resistance 2355 / 2395 / 2450 / 2510 .
As for FCPO, steady CBT soyoil and strong gains in crude mineral oil carried market higher on Wednesday, in a half day session. Support also came from some covering ahead of the 4-day Lunar New Year weekend. The weaker ringgit, which lost about 0.3 pct vs USD today, was also supportive. Prices rose 3 to 26 higher before closing around mid range.
Market continued to trade sideways in the absence of fresh incentives. Some forecast of improving production and slow demand are undermining sentiment. Talks of exports improving in the 2nd half of February are supportive, together with the stabilization in crude mineral oil price.
Think market will look towards the effect of Indonesia's biodiesel subsidies in the coming weeks for incentives. Technical view - prices continued to consolidate within a 2270 - 2350 trading range. Trend sideways ; RSI 53.94 ; support 2270 / 2216 / 2148 / 2100 ; resistance 2355 / 2395 / 2450 / 2510 .
Wednesday, February 18, 2015
Trading Tips for the Day - 18 February 2015
FKLI will likely open at around yesterday's closing price, 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.
Tuesday, February 17, 2015
Trading Tips for the Day - 17 February 2015
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.
Monday, February 16, 2015
Trading Tips for the Day - 16 February 2015
FKLI will likely open higher today. For the first trade, ine can attempt to Long 1 - 3 points below the opening price. Try get 5 - 7 points profit and put a stop 5 pointscaway from your entry point. Close your position by the end of the day.
Friday, February 13, 2015
Trading Tips for the Day - 13 Februar 2015
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, erratic market yesterday, trading within the previous day's range. Prices did a full circle. There was early support following higher CBT soyoil and weaker ringgit vs USD. Strong gains in crude mineral oil in Asian trade also underpinned sentiment. Easier China Dalian futures and ideas of slow demand capped gains. Prices were 24 higher to 2 lower in the morning and 7 lower to 26 higher in the afternoon.
There were no new factors. Market may consolidate after pulling back from strong gains. Prospects of increased demand for biodiesel by Indonesia, seasonal low production through June and weak ringgit are positive. Poor exports, record high South American soyabean crop and weakness in crude mineral oil are negative. Meanwhile, a report that Malaysia may resume export tax on crude palm oil, with details to be announced on 16 February, will be negative.
Technical view - prices turned sideways, after correcting one third, keeping indicators positive. Trend up ; RSI 53.86 ; support 2270 / 2216 / 2148 / 2100 ; resistance 2355 / 2395 / 2450 / 2510 .
As for FCPO, erratic market yesterday, trading within the previous day's range. Prices did a full circle. There was early support following higher CBT soyoil and weaker ringgit vs USD. Strong gains in crude mineral oil in Asian trade also underpinned sentiment. Easier China Dalian futures and ideas of slow demand capped gains. Prices were 24 higher to 2 lower in the morning and 7 lower to 26 higher in the afternoon.
There were no new factors. Market may consolidate after pulling back from strong gains. Prospects of increased demand for biodiesel by Indonesia, seasonal low production through June and weak ringgit are positive. Poor exports, record high South American soyabean crop and weakness in crude mineral oil are negative. Meanwhile, a report that Malaysia may resume export tax on crude palm oil, with details to be announced on 16 February, will be negative.
Technical view - prices turned sideways, after correcting one third, keeping indicators positive. Trend up ; RSI 53.86 ; support 2270 / 2216 / 2148 / 2100 ; resistance 2355 / 2395 / 2450 / 2510 .
Thursday, February 12, 2015
Trading Tips for the Day - 12 February 2015
FKLI will likely open a little higher 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.
As for FCPO, market closed lower for the third consecutive day. There was some intermittent support which did not follow through. Selling was tied to concerns over slow demand and prospects of higher production in February. Lower CBT soyoil and soyabean, inspite of USDA forecasting lower soyabean ending stocks, also undermined sentiment. Support was provided by firmer China Dalian olein futures and weaker ringgit, which lost about 0.5 pct vs USD today. Prices were 8 higher to 10 lower in the morning and 15 higher to 29 lower in the afternoon.
There are no major changes in fundamentals. Indonesian biodiesel subsidy and low production in the coming months remain supportive. However, poor exports todate, record high soyabean supplies and weakness in crude mineral oil are keeping bullishness in check.
Technical view - prices corrected one third on recent sharp rise. Indicators are still positive. Trend up ; RSI 52.12 ; stochastic turned down from overbought ; support 2250 / 2216 / 2148 / 2100 ; resistance 2355 / 2395 / 2450 / 2510
As for FCPO, market closed lower for the third consecutive day. There was some intermittent support which did not follow through. Selling was tied to concerns over slow demand and prospects of higher production in February. Lower CBT soyoil and soyabean, inspite of USDA forecasting lower soyabean ending stocks, also undermined sentiment. Support was provided by firmer China Dalian olein futures and weaker ringgit, which lost about 0.5 pct vs USD today. Prices were 8 higher to 10 lower in the morning and 15 higher to 29 lower in the afternoon.
There are no major changes in fundamentals. Indonesian biodiesel subsidy and low production in the coming months remain supportive. However, poor exports todate, record high soyabean supplies and weakness in crude mineral oil are keeping bullishness in check.
Technical view - prices corrected one third on recent sharp rise. Indicators are still positive. Trend up ; RSI 52.12 ; stochastic turned down from overbought ; support 2250 / 2216 / 2148 / 2100 ; resistance 2355 / 2395 / 2450 / 2510
Wednesday, February 11, 2015
Trading Tips for the Day - 11 February 2015
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.
Tuesday, February 10, 2015
Trading Tips for the Day 10 Februar 2015
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.
Monday, February 9, 2015
Trading Tips for the Day - 9 February 2015
FKLI will likely open higher today, for the first trade, one can attempt to Long 1 to 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.
Friday, February 6, 2015
Trading Tips for the Day - 6 February 2015
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.
Thursday, February 5, 2015
Trading Tips for the Day - 5 February 2015
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.
Subscribe to:
Posts (Atom)