In short, seems like there are so many factors and signs of instability in the markets throughout the world. There's rumors saying the Feds will not taper their stimulus, which then in turn dig a bigger hole again. Back here in Malaysia, rumors has it where foreign funds are withdrawing funds due to the Feds tapering. Well, i seriously am not sure how that could work but my suggestion is act first, before analyzing.
FKLI
FCPO is clearly on a bullish run. With fundamentals of weakening ringgit, bad weather, Haiyan typhoon, FCPO is poised to rise up further. Yesterdays long candle and breached 2600 resistance and also closing at 2599 could see a morning gap up and would be in search for 2630 level and then ultimately will most likely got for 2650, 2670, 2690 and 2700. As of current, with ringgit weakening and rebounds from soy bean oil, could lead CPO to follow the bull pack.
FKLI
It's a very clear bearish divergence between price and MACD-H. Something that i would not miss doing or following what the signals have shown. 25th Oct 2013 has shown a great bearish engulf which has indicated that it's time to turn short. My take is that today there would be another round of retracement as since there are rumors that foreign funds are backing out, that could lead a further plunge.
FCPO
FCPO is clearly on a bullish run. With fundamentals of weakening ringgit, bad weather, Haiyan typhoon, FCPO is poised to rise up further. Yesterdays long candle and breached 2600 resistance and also closing at 2599 could see a morning gap up and would be in search for 2630 level and then ultimately will most likely got for 2650, 2670, 2690 and 2700. As of current, with ringgit weakening and rebounds from soy bean oil, could lead CPO to follow the bull pack.
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