Bears and bulls signed a pact to keep Fcpo in sideways first ? till when? Prices mostly firmer on SO +0.5%, nearing year highs. Some selling noted in PM opening but manage to reverse most of the losses after 5pm.Jun10 finished the day net minus…but stronger tone than Fri…ignoring the preclosing event jump of RM60 last Fri and today’s RM15 drop. Still the same familiar range of 20-50 blah blah blah blah ...
Technically is bulls-bias. After consolidating for almost 4-weeks form a dwtrend move and pausing so long, so instead of double-bottom at 2400 it now looks like a possible cup and handle ( wide handle !!) formation IF it can break 2600 resistance.
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