Fcpo wrap...sailing towards 2600

Intra-day looks a bit toppish but bargains seen at lower end. Matching SO gains, Fcpo stays range bound at higher end, getting ready for a test at 2600 after MERDEKA break.

Above 2550 is a trading buy market but may find resistance at 2600, the 50% recovery point. With price cluster within SMAs, market is unlikely to make a direction soon, with a lot of push and pull first in a consolidation phase.