Almost RM100 swing., reaching near 2700 in PM after a RM20 gap up from AM closing of 2643, created havoc. A reversal from flat to +0.5% in SO price after lunch break gave fcpo bulls to up their game even though SO only playing catching up with FCPO.
Fcpo finished off high as, at the top end of fcpo gains, it probably attracted arbitrageurs selling.
Fcpo is seen heading for 2700. Above 2650 is bullish. Below this on Mon would trigger profit take targeting 2600-2650 range instead. Immediate support is raised to 2610-20 and seen holding on bargain activity.
Fcpo finished off high as, at the top end of fcpo gains, it probably attracted arbitrageurs selling.
Fcpo is seen heading for 2700. Above 2650 is bullish. Below this on Mon would trigger profit take targeting 2600-2650 range instead. Immediate support is raised to 2610-20 and seen holding on bargain activity.
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