Trading Tips for the Day – 25 July 2014

FKLI will likely open at almost the same point as it closed yesterday.  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 trading day.

FCPO recovered yesterday as prices recovered slightly at CBOT and Dalian.  Price was also supported by rumoured good cargo surveyor’s export figures for July 1-25. However negative indicators still persist and any uptick is an opportunity to sell.

Technicals – trend down ; RSI 32.50 ; parabolic SAR at 2296 ; support 2220 / 2200 / 2135 ; resistance 2300 / 2345 / 2400.

Trading Tips for the Day – 24 July 2014

FKLI will likely open a little lower, 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 way from your entry point.  Close your position by the end of the day.

FCPO price continued to erode as there were no positive leads and prices at Dalian and CBOT also continued lower.  RSI is almost in oversold territory and any rebound is an opportunity to Short.  Technicals – trend down ; RSI 25.08 ( oversold ) ; stochastic oversold ; parabolic SAR at 2308 ; support 2220 / 2200 / 2135 ; resistance 2300 / 2345 / 2400.

Trading Tips for the Day – 23 July 2014

FKLI will likely open higher today, 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.

FCPO continued to weaken due to weakness in Soyoil in CBT and China Dahlian futures.  A break from congestion area is negative, and price will be very likely be attracted to the next level of 2200.  Technicals – trend down ; RSI 27.69 ( oversold ) ; parabolic SAR at 2323 ; support 2265 / 2200 / 2135 ; resistance 2345 / 2400 / 2435.

Trading Tips for the Day – 22 July 2014

FKLI will most likely open a few points lower, for the first trade today, one can attempt to Long at around 1858-1860.  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.

FCPO price was still range bound yesterday due to lack of fresh leads.  It is very likely price will trade within the 2280 – 2330 range and any price break out of this range with volume will see a major move

Trading Tips for the Day – 21 July 2014

FKLI will likely open a few points 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 trading day.

For FCPO, prices corrected a little last week from an oversold position.  Price is  now consolidated between 2280 – 2330.  Any breakout from these level with volume could see the next major move.

Trading Tips for the Day – 18 July 2014

FKLI will likely open a few points lower, for the first trade today, one can attempt to Short 0-2 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.

FCPO prices continued to erode as Ringgit firmed up, higher seasonal production and slow demand came into play.  Technically, prices are still bearish, and we may see price goes down to 2200 in the coming days.  Support at 2265 / 2200 /  2135 while resistance is at 2345 / 2400 / 2435 / 2510.

Trading Tips for the Day – 17 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try gt 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 – 16 July 2014

FKLI will likely open higher following a more than 100 points up closing on Friday and a flat market yesterday.  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 trading day.

Trading Holiday on 15 July 2014

Please be informed that Bursa Malaysia will be closed for the Nuzul Al-Quran holiday which will be observed in Kuala Lumpur.  There will be no trading.

Trading Tips for the Day – 14 July 2014

FKLI will likely open at 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 way from the entry point.  Close your position by the end of the day.

CPO came down sharply last Friday due to negative Soyoil prices even thought data showed some supporting facts.  Today Support is 2345 / 2300/ 2265 while Resistance is 2400 / 2435 / 2510 / 2550.  Weak closing on Friday points to weakness in the markets and price may continue to point towards 2300 today.

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