Early gains on profit take buying on SO strength but fails to sustain upward momentum as selling emerges in PM after SO off highs of +1%. Tehcnically, not much today as price remains within Wed's ranges. Below 3300 is -ve with fresh -ve tomorrow if 3380 is breached. No major reversal seen till fcpo regains 3350 resistance.
Fbm strong closing, now aiming for upbeat weekly closing near 40. Regional mostly lower on selling in PM. Europe/Dj futs flat. Fkli range trading and quiet but maintains an upward tone despite yesterday's poor actions. But both likely toppish at 40 this week. Fbm profit take sell ahead of long wkend after a 4-day winning streak. Above 1530 is +ve.
A closing under 3300 for the first time in a week on SO leads. Strong chance to re-test recent lower ranges again, 3200. But mkt does look like sideways play for the week, 3200-3400, fluctuating between recent lower n upper band without trend, range bound play.
Strong reversal in PM as HS/SH dip into –ve area as fears of tightening re-surface after sharp gains in AM trades. From +1% to -0.5%. Fbm.fkli suffer selling under 1530, kneejerk near 20 but manage to regain mid grounds in the end. Technically, bulls find same toppish tone at the same resistance. A closing above 30 would ignite strong days ahead but it seems everything remains sideways.
Strong bounce off critical support of 3300, partly thanks to SO recovering some of it losses from -1.6% to -0.7% in late Asian hours While no fresh –ve signal, still above 7SMA, fcpo remains -ve this week till it regains 3360 mark. A closing under 3300 is strong bearish signal
Fbm.fkli see poor start on regional losses but strong finish as Europe posts +0.5% and DJ futs recoups early losses to trade +20 in late Asian hours. Both survive a fresh dwtrend call under 1520 depsite playing defensive in AM and early PM session. 62% vol from roll ahead of expiry. Sideways remains, 20-40 flip flopping between +ve and -ve bias tone but no major trend. Regional weak on property amid fear of tightening call in Hongkong n China. 
Lack of upside despite strong commodity tone. Probably concern over a stronger RM effect put players at the sidelines. RM under RM3 vs USS$. Fcpo suffers losses but in +ve zone, above short term SMAs. “Test 3400” scenario remains as fcpo stays above 3350. 3300-3400 is neutral to bias tone but no major trend.
A quiet day, most mkt flat waiting for US to reopen. Plus, HS holiday today. Sentiment +ve on DJ futs +20 tone but no big moves today.
Strong gains on tech breakout scenario despite quiet external amid holiday mood. Bullish closing for the week, making a re-visit towards recent highs highly probable. Immediate support is raised to 3300 from 3280 for 3000-3400 play in the early part of next week
Weekly +ve but poor tech closing, struggling near short term SMAs. Well supported around 1510 this week but yet to escape bears grip amid weekend profit take sell. Upward-bias if above 20, targeting 40-breaking for fresh upward momentum. Week tone on Mon could drag mkt towards recent lows, 1500-1510.
Very tight range. Tech +ve outlook help to keep fcpo steady despite SO remains near flat line all day. Strong CO probably also lend a hand in keeping fcpo above 3300. Waiting for the next incentives to test 3400. Upward bias if > 3280.
Firmer but toppish AM and Fbm faces selling pressure in PM, pulling fkli under 30 too, causing fkli a weak closing and reinforcing its sideways tone for the rest of the week after two day of rebound . This week’s rebound tone remains alive if manages a closing above 20 tomorrow. Regional +1%, Europe +0.1%. DJ futs +50
