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FKLI is starting to lose momentum after recently hitting its YTD high. This loss of momentum might indicate that traders are becoming more cautious, possibly due to profit-taking or concerns about overbought conditions. 

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FCPO hit this week's high after a sudden surge in buying interest caught sellers off guard in what had been a boring market for most of the day until after 4 pm. This late-day buying momentum disrupted the otherwise subdued trading session, pushing prices higher unexpectedly.

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FKLI (FTSE Bursa Malaysia KLCI Futures) has reached a new year-to-date (YTD) high and is holding above the critical 1650 level. This surge is supported by a strong Malaysian Ringgit (MYR) and robust performance in banking stocks.

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 FCPO lost the 3700 level due to weakness in CBOT, particularly as soybean oil broke down below the 38 level during Asia trading hours. While the overnight soybean oil rebound is a positive sign, FCPO's ability to challenge 3730 on Monday will depend on continued strength in soybean oil, stability in CBOT, and market sentiment.

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 Soybean oil rebounded 100 ticks after dropping below the 38 level, oscillating within the opening range before deciding to move upward, although it remains below the key 40 level. Dead Cat Bounce or Further Recovery?

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 15 Aug: FCPO revisited the 3700 level despite an initial sell-off due to the CBOT slump. It even rose further, holding above 3720 in the late evening on strong buying momentum.

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 09 Aug: In the overnight market, Bitcoin finally broke above the 58k level but quickly reversed, breaking down to 57k. The buyers' second attempt was successful, resulting in a valid breakout, with the market later hitting 63k during Asia time. 

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 08 Aug: Overnight, Bitcoin failed to break above 58k, losing momentum until it found support at 55k. However, during Asia time, the market came back above 57k.

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 08 Aug: FCPO failed to break above 3750 and lost the 3700 level again, making a new swing low before coming back to 3700. Where is the bottom, anyone?

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 06 Aug: Bitcoin opened with a further recovery from yesterday's heavy sell-off, managing to defend the major 50k level. The price climbed back above 55k, although it remains far from the gap down level.

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 06 Aug: The Nikkei further rebounded from yesterday's big crash but got rejected at the major 35k level. At its best, it recovered more than 3000 points.

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 06 Aug: Soybean oil lost its VWAP after the Dalian market opened and soon dropped below the 40 level without any significant fight back. Can anyone see any valid support?

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 06 Aug: Palm oil further declined on global vegetable oils' weakness. Selling intensified after the market failed to stay above the VWAP, and the opening range was broken later. The opening low and VWAP remained heavily guarded by sellers despite several attempts by buyers to fight back. The market even tested the 3700 level after the 3740 support was broken. Are we at the bottom yet?

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 05 Aug: Bitcoin opened with a gap down below 60k, losing its VWAP and opening range support. Panic selling caused the market to lose many major levels, even dropping below the 50k level at one point. At its worst, Bitcoin lost more than 10k. Where is the support then?

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 05 Aug: The Nikkei 225 gapped down below 35k and struggled between 33,500 to 34,500. However, the range finally broke after lunch under heavy selling pressure, causing the market to lose 33k, 32k, and even 31k levels. At its worst, the index lost more than 5,000 points. Is there more selling coming, or will the market stabilize?

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 05 Aug: Palm oil opened lower due to regional selling but managed to rebound around the 3900 level with help from Dalian. However, persistent regional selling pressure continued, causing palm oil to lose its VWAP. After the lunch break, selling became more aggressive, and palm oil failed to defend the opening range, eventually losing the 3800 level.

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 02 Aug: Soybean oil struggled at the 42 level for a long time. It tried to stay above 42 after the open but got rejected after several attempts and failed to reclaim the VWAP. Selling pressure increased after the opening range was broken, but buyers managed to defend the 41 level. What to Expect Next?

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 02 Aug: After experiencing a significant V-shaped recovery, the Nasdaq 100 is losing momentum. It failed to reclaim the VWAP after opening, and selling intensified once the 19,500 level was broken. The market even fell below the 19,000 level later. Is there more downside coming?

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 31 July: Nasdaq 100 had a strong start after a significant sell-off, reclaiming the 19k and even the 19,500 level with major AI stocks experiencing a V-shaped recovery.

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 31 July: Palm oil market was sluggish with several failed attempts to break the opening range, spending most of the time within the range. However, a very late breakout occurred with strong buying support from the 3880 level. The night market opened strongly, triggered by WTI's performance and a short squeeze from the morning sellers.

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 31 July: The Nasdaq 100's tech rebound could not last. Selling emerged after the open and became aggressive later, driven by losses in AI stocks, causing the market to dip below the 19k level.

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 30 July: Palm oil night market opened with a sell-down, struggling below the 3900 level. However, with help from Dalian and CBOT recovery, it revisited the 3950 level before losing momentum.

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 30 July: Soybean oil opened with a sell-down to the 41 level, which did not hold and turned out to be a fakeout. The second attempt to sell at the 41 level also failed. Finally, buying force pushed the market above the 42 level. Will this lead to a bigger rally, or is this just a dead cat bounce?

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 30 July: Bitcoin was unable to hold above the 70k level after Wall Street opened. The market pulled back sharply, giving back several major levels. 

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 29 July: FCPO opened with a significant gap down but quickly reversed on strong buying force, revisiting the 3900 level. It continued to rise, reaching back to the initial sell level of 3950 from last Friday, borrowing strength from Dalian and almost recovering 300 points.

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 📈 Bitcoin Market Review - July 26th

*Strong Opening: Bitcoin surged strongly right from the opening bell.
*$67K Resistance: Faced a rejection at the $67,000 swing high initially.
*VWAP Support: Found solid support from the Volume Weighted Average Price (VWAP).
*Buyers Step In: Significant buying pressure helped break through $67K and then $68K.
*Momentum Loss: After reaching $68K, Bitcoin started losing momentum.
How long will the Trump effect last? Will it break $70K again? #Bitcoin #Crypto

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26 July: Soybean oil resumed selling on better weather forecasts, with selling pressure becoming aggressive after 10 AM, causing the market to plunge by 5%. FCPO experienced a late breakdown below the opening low signal. What is the impact on FCPO for Monday open?

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 26 July: FCPO had a strong start during the night market open, drawing strength from Dalian and CBOT. However, before the real breakout, there was a false dip to wash out long followers.

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 25 July: Hang Seng attempted an upside move but was rejected, resuming its selling momentum. The market even lost the major 17k level due to overnight panic on Wall Street.

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24 July: FCPO opened lower on weak Dalian performance and struggled within the 3950-3960 range. At lunch, the market gapped down, losing another 50 points, tracking heavy selling in Dalian. However, a bullish reversal formed after Dalian closed, as the power gap down had no follow-through, trapping breakout traders.

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23 July: FCPO opened with a powerful gap up on strong Dalian performance but got rejected at the 4k major level. The market quickly turned south and touched the 200 EMA support. Although there was a small rebound from there, the market gapped down after lunch, hitting another session low. 

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 How To Spot Trend Reversals

Reversal Signals:
1 Major Support and Resistance Levels
2 Candlestick Patterns
3 Indicators: RSI, Bollinger, Buying Force
4 Chart Patterns

12 July: The market powered up on strong Dalian performance but failed to break the 4k major level after a retest. Selling emerged and dominated the entire session.

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 15 July: Nasdaq 100 opened with strong buying force, found support at the 20,500 level, and resumed its uptrend, moving higher.

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 15 July: #Bitcoin opened with a powerful gap up due to the "Trump effect," surging to the 62k level and triggering profit-taking. After digesting the selling, buying momentum resumed and challenged the 63k level.

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 12 July: #MHI had a strong start, easily breaking out above the 18,000 level with only minor pullbacks, despite regional markets falling sharply. The market continued to rise for the rest of the session. 

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12 July: #FCPO opened strong, but profit-taking emerged. The opening range was broken, retested, and rejected, confirming a bearish formation. The downtrend was confirmed, with selling momentum becoming aggressive after the lunch session. Rollover activities further fueled the selling.

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11 July: #FCPO had a weak start with a few fakeouts in the morning session. The sell-down from the lunch open did not result in any significant movement due to a lack of follow-through. A valid bullish formation only emerged after 5 PM, with strong buying force continuing until the end of the session.

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10 July: #MNQ struggled with direction, experiencing fakeouts both upside and downside. However, it later formed a bullish pattern and broke out of the opening range, reaching another all-time high (ATH).

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11 July: #MHI had a strong opening, borrowing strength from overnight Wall Street gains. After the first pullback, which found support above the opening range, the market resumed its uptrend until the session ended, although it remained below the 18,000 level.

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10 July: #FCPO struggled to find direction after the night market opened. Selling pressure emerged, and the range was broken, triggered by heavy selling in CBOT. The market gapped down further at this morning's open, but started to recover after hitting the recent swing low of 3850.

June 2024 supply-demand

The June supply-demand report is neutral, and the July export outlook is good, which might cushion the recent selling pressure. Watch out for the 3800-3830 support level.

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 09 July: #MBT experienced a technical rebound after suffering heavy losses since last week. However, the market remains below the 60k mark. 

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 09 July: #FCPO opened with a significant gap down due to weakness in overseas vegetable oils. The market continued to fall, reaching the critical 3950 level on aggressive selling momentum. 

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 02 July: #FCPO digested the opening selling and then broke out, making another swing high with strong buying momentum.

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 1 July: #FCPO experienced a strong gap up, tracking Dalian's rally. The market continued to rise after digesting the initial selling pressure, breaking above the significant 4000 level.

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 28 Jun: #FCPO had a strong start with good buying interest. The market experienced a breakout after a minor pullback, hitting another high. However, profit-taking washed out many traders later in the session. 

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 27 Jun: #ZL tried to hold above the 44 level, but after a failed retest, selling accelerated and the market broke lower.