fkli 21082024

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. 

fcpo 21082024

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.

fkli 19082024

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.

fcpo 16082024

 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.

soybean oil 17082024

 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?

fcpo 14082024

 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.

bitcoin 09082024

 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. 

bitcoin 08082024

 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.

fcpo 08082024

 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?

bitcoin 06082024

 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.

Nikkie 06082024

 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.

soybean oil 06082024

 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?

fcpo 06082024

 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?

bitcoin 05082024

 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?

Nikkei 225 05082024

 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?

fcpo 05082024

 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.

soybean oil 02082024

 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?

Nasdaq100 02082024

 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?

Nasdaq100 31072024

 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.

fcpo 01082024

 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.