Tuesday, February 09, 2010

Fcpo wrap..quiet..maintaining positive outlook..



-fcpo takes a backseat today as focus on fkli. Despite soyoil gains, almost 2%, fcpo did not respond, unlike in the past few days…tired ? or cautious ahead of ITS/SGS exports estimates tomorrow.? While off highs, the mkt still running on a 6-day winning streak….now worth RM116.


-Apr10 mostly stuck near 2560++ or about 50% rebound mark from the recent 2700-2400 plunge. But no sign of bears activities yet with the mkt still above 2550, just pausing with bulls still in control

-positive tone if above 30SMA (green line), targeting 2600. Next buy signal will appear if 2570 resistance breaks tomorrow.

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