Trading Tips for the Day - 2 March 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.

Trading Tips for the Day - 27 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 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.

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.

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.

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.

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 .

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.

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.

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 .

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

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.

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.

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.

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.

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.

Trading Tips for the Day - 30 January 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, down trend continued yesterday with prices eroding to its lowest level since 19 December. Selling was prompted by sharp fall in CBT soyoil and crude mineral oil. China Dalian futures were also lower in sympathy. Quiet cash market also undermined sentiment. Technical sell stops below 2150 magnified losses. Weaker ringgit, which lost about 0.3 pct vs USD today, had little effect.

Prices were 28 to 42 lower in the morning and extended losses to 82 lower in the afternoon. There was little incentive for support with a quiet cash market giving ideas of slow demand. Weaknesses in CBT soyoil, following prospects of big South American soyabean crop, amid reports of improved weather, added to the negative outlook. Concerns over the global economy and low crude mineral oil price also undermined sentiment. However, the current low stocks and production may limit the downside.

Technical view - the break to new lows continues the down trend. Prices may test strong support at 2100.  Trend down ; RSI 34.54 ; stochastic turning up from oversold ; support 2100 / 2080 / 2000 / 1915 ; resistance 2216 / 2250 / 2300 / 2355 / 2395

Trading Tips for the Day - 29 January 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.

Trading Tips for the Day - 28 January 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.

Trading Tips for the Day - 27 January 2015

FKLI will likely open very near to yesterday's close, 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.

As for FCPO, the down trend continued as poor 1-25 January exports dominated sentiment. Market eroded to its lowest level since 23 December. Lower CBT soyoil, China Dalian futures and crude mineral oil provided early selling pressure. Technical sell stops as prices broke below 2200 added weight and prompted long liquidation. Prices were 8 to 28 lower in the morning and eroded to 60 lower in the afternoon.

The very low cargo surveyors' 1-25 January exports pointed to poor demand. Together with weakness in related markets and lack of fresh supporting factors, there was better incentive for selling. However, we are in the low production months of January - February which will see market sensitive to any pick up in demand. Weak ringgit, which lost about 0.4 pct vs USD today, is also positive.

Technical view - prices broke below 2200, pointing to 2150. The oversold situation in the stochastic may see some upward correction. No change in the down trend.  Trend down ; RSI 35.73 ; stochastic oversold ; support 2150 / 2100 / 2080 / 2000 ; resistance 2250 / 2300 / 2355 / 2395 .

Trading Tips for the Day - 26 January 2015

FKLI will likely open slightly 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.

As for FCPO, market closed lower for the 3rd consecutive day after late buying strength was met by stronger weekend liquidation. With the lower CBT soyoil and China Dalian futures, BMD was under pressure from the opening. However, early afternoon weakness was not sustained and market rebounded to make the day's high before coming off again at the close. Prices were 5-21 lower in the morning and 2-24 lower in the afternoon.

With new factors lacking, market continued to slide and correct from recent gains. This weakness is aided by slipping CBT soyabean / soyoil on stronger USD and forecasts of record soyabean crops. More attention may be focused on crude oil with the passing of Saudi Arabia's King Abdullah. Nevertheless, improved palm oil demand will be of utmost importance if market is to check this down trend.

Technical view - prices remain on downtrend. However, it may be due for some pullbacks as short-term market is oversold as indicated by stochastic. Trend down ; RSI 42.59 ; stochastic oversold ; support 2200 / 2150 / 2100 ; resistance 2300 / 2355 / 2395 / 2435.