FKLI
Market made a strong surge yesterday, rallying from opening low of 1646 and settled at near day's high level. Market look likely to continue its up surge today amid firmer Ringgit at 4.155. Successful breach and firm hold above 1672 would see market heading towards 1698 level in the near future.
Plan A : Attempt buying if market trades firmly above 1672
Plan B : Cut below 1664
Plan C : Consider intraday sell if market open gap up but fails to breach above 1688
Plan D : Cut above 1692
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FCPO
FCPO flattened in the morning session while the wilder swing began after the break. Market is rather directionless at the moment, therefore, patience is the essential element. Dalian and soybean oil are mixed while Ringgit further strengthen against U.S. Dollar at RM4.15.
Plan A : Buy if market retreated and supported above 2504. Targets are 2522, 2527 and 2532.
Plan B : Sell if market rebounded but resisted around 2532. Targets are 2508, 2504 and 2496.
Plan C : Above 2532, no fresh position.
Plan D : Below 2508, no fresh position.