Trading Tips for the Day - 8 Apri 2015

FKLI will likely open very near to the opening price 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, uncertainty over the implementation of the proposed CPO levy by Indonesia resulted in some pull back from strong gains yesterday. Lower crude mineral oil in Asian trade also undermined sentiment. Higher CBT soyoil and China Dalian futures were supportive but was secondary. Prices were 1 to 13 lower in the morning and extended losses to 31 lower in the afternoon.

Market continued to trade on the issue of CPO levy by Indonesia which, if confirmed, may result in smaller exports from Indonesia. The existing low stocks, as estimated by Bloomberg and Reuters polls, give good prospect for a price rally should demand pick up. However, increasing production in the coming months and competition from South American soyoil keep fundamentals generally more negative.  Trend up ; RSI 49.44 ; support 2190 / 2145 / 2100 / 2080 / 2050 ; resistance 2250 / 2280 / 2320 / 2400.

European stocks were up as the market rallies on easier Fed expectations post-payroll report of +126,000 and on Greek assurances that Thursday's 500 million euro IMF payment will be made.

U.S. stocks gave back gains to end slightly lower as investors paused ahead of first-quarter corporate earnings.

The Feb U.S. JOLTS job openings report showed a sharp increase of +168,000 to a new 14-year high.

Today, minutes from the March 17-18 FOMC meeting may provide some color on the Fed’s criteria for when it will raise interest rates.

 The dollar rose against the euro and the yen as stronger-than-expected JOLTS job openings. Investors are re-establishing their bets on a rising dollar as the U.S. was still in better shape than other major economies.

 The Australian central bank today kept its overnight cash target rate unchanged at 2.25% for a second month but said it could ease at future policy meetings.

 FedEx said it agreed to buy Dutch package-delivery company TNT Express for $4.8 billion in an all-cash deal.

Japan's benchmark Nikkei 225 index touched a near two-week high, drawing support from a positive U.S. lead, with energy and financial counters leading advances.

 U.S. Crude oil price jumped to a 2015 high on fresh signs that the nation’s production is on the brink of a decline.

 EIA report expected to show a further increase in U.S. crude oil inventories. The market consensus is +3.0 million bbl increase in crude oil inventories.

 Gold prices fell from a seven-week high as a firmer dollar sapped interest among foreign buyers while others chose to lock in recent gains. Now, $1,209.5 (+0.18).

 FCPO closed lower over uncertainty over the implementation of the proposed CPO levy by Indonesia. Higher CBT Soyoil and China Dalian future limit the losses. The existing low stocks, as estimated by Bloomberg and Reuters polls, give good prospect for a price rally should demand pick up.