Monday, April 18, 2011

Morning start...fkli firm 1516-19 fcpo firm 3230-50

DJ , Europe +0.5% Fri. But Asian cautious start amid higher crude oil prices, most mkt flat except CO +1%. FKLi unlikely to reverse is recent dwtrend tone today, defensive and risk towards 1500. Below 1520, is fresh sell signal this week. FCPO SO -0.1%, weak tone continues but profit take buying at 3200 today after a 4-day-RM180 losing streak ? Below 3300 is sell on strength mkt.

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