FCPO Daily Commentary for 6th Apr 2010

FCPO 3rd month June futures contract traded RM29 lower to close at RM2530 levels as compare to previous trading sessions with a total of 10,422 lots traded in the market. FCPO price traded lower despite crude oil and soybean oil were traded higher during electronic trading during trading sessions.
FCPO price reached 38.2% and 123.6% Fibonacci resistance levels at RM2584 regions since open for trading before plunge lower towards support levels at RM2530 regions. Technically, FCPO price seems complete wave 4 at RM2584 regions before wave 5 proceed trading south in the coming trading sessions. FCPO price wave 5 count provided resistance levels at RM2552 and RM2566; both were 38.1% and 61.8% Fibonacci were not violated in the coming trading sessions. Support levels were seen at RM2530 and RM2500 regions.

FKLI Daily Commentary for 6th Apr 2010

FKLI Apr Futures contract traded 3.5 point higher to close at 1346 levels as compare to previous trading session to with a total of 2,502 lots traded in the market. FKLI was traded sideways before end of trading sessions despite most of the regional indices were traded higher during trading sessions.
FKLI manage to penetrate previous resistance before reached 138.1% Fibonacci resistance level at 1348 regions. Technically, FKLI consolidate within range from 1345.5 and 1348.5 region before manage to break down lower to 1343.5; 38.1% Fibonacci support levels. FKLI yet appear any reversal signal provided support levels at 1340 and 1335.5 were not violated in the coming trading sessions. However, resistance levels were seen at 1349 and 1353.5 regions.