-fcpo bulls faced triple bad news – a very strong RM, weak soyoil and large CPO stockpiles –causing a breach of 2600 support.
-If the mkt uptrend is here to stay, fcpo is likely to find support near 2550++. But instead of a “V” bound the mkt may consolidate within 2550-2650 first this week b4 any chance of hitting 2800.
-below 2600 is a sell mkt. It needs to break above 2650 to revive upward momentum. Otherwise, negative to neutral. Below the green line, 30SMA, is bearish.
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