Fcpo wrap...no breakdw but strong bounce in PM

Strong PM, triggered by soyoil reversal during lunch break. Still, stronger than expected, reaching major resistance lvl. Almost RM50 range, bulls took relief with 2500 support standing, which probably prompted more shortcovering in the afternoon.

With 2500 as “tested” support, bears need to step up their game to create a fresh leg dw even though the mkt is still within a descending triangle.

If 100SMA, around 2510++, remains as a support in the coming days, it may be perceive as building a base for a reversal of recent dwtrend. But the mkt remains dwtrend, below 7SMA.