FCPO Daily Chart Technical Outlook 13 Sept 2012

 

FCPO Daily Technical Analysis, Commentaries

The FCPO active month contract ended slightly higher on Wednesday as electronic soybean oil prices traded strongly up during the trading session which boosted the local market sentiment. At the close, the FCPO price was up 11 pts or 0.38% to 2,930.

Based on the daily chart, a positive candle with long lower wick formed on Wednesday where it indicated that continued buying interest buoyed the FCPO price. The price rebounded after it had tested for the third time the psychological level of 2,900 but it managed to close above that level when market close despite it broke below that level during the trading session. Since it is able to close above the psychological level of 2,900, there is a high possibility it may want to cover the upper gap. So the upside resistance level, we pegged at 2978-2,990 levels. Meanwhile, the downside first support we set it at 2,900 then follow by 2,874.

Referring to the MACD Histogram, it is building up in the negative zone. Meanwhile, the MACD line crosses below the signal line where the bearish sentiment will be building up in the near term. We should monitor closely the change in the MACD line. As always, intraday support and resistance levels will be eyed.

Technical indicators:

MACD= Negative, ADX= Negative

Intraday technical support & resistance for 13th Sept 2012:

1st support 2900-74; 2nd support 2838

1st resistance 2970-90; 2nd resistance 3030

Technical Analysis : FBMKLCI12-09-2012 / 富时大马综合指数 2012-09-12

富时大马综合指数 2012-09-12

如图所示，富时大马综合指数周三盘中一度回弹，但是由于蓝筹股项继续受到卖压，特别是亚洲航空与UEM置地，使得综指只能以1613.78点挂收，按日微跌0.46点。如图中箭头A所示，14、21、31天EMA是综指目前的动态阻力线。另外，综指阻力落在1625点，支持则是1600点的整数点。

 

如图中箭头B所示，马股总成交量周三减少了16.3%，使得成交量继续处于40天的成交量平均线（VMA）以下。这表示马股整体上的交投是处于淡静的。以技术而言，若成交量继续偏低的话，那马股一般上都难以转强。

 

如图中C圈所示，随机指标（Stochastic）到目前为止还是处于30%水平以下的短期弱势区域里。这表示综指短期还未能摆脱偏弱的格局。若随机指标能上扬突破30%水平，那综指短期有望出现技术反弹。

 

总的来说，综指周二精确在1600点整数点回弹后，周三大致上在窄幅中波动。不过，全日上扬股项有409只，超越下跌股的292只，这暗示者有许多股项都开始出现回弹的迹象。只不过这反弹的迹象还未反映在综指上。无论如何，综指会否形成熊市目前还是言之过早。

 

FBM KLCI 12 Sept 2012

On Wednesday, the KLCI had some early gains, but the strong selling pressure in blue chips pushes the KLCI lower, especially AIRASIA and UEMLAND. At the close, the KLCI fell 0.46 of a point to 1613.78 points. As indicated by A, the 14, 21, 31 EMA is serving as the dynamic resistance. Immediate resistance for the KLCI is at 1625 and the support is at 1600 mark.

 

As indicated by B, total market volume fell 16.3%, with volume below the 40-day Volume Moving Average. This shows that the market is indeed quiet, as investors are being very cautious, while reluctant to take up positions. Generally, without sufficient participation, the market as a whole is less likely to pick up its strength.

 

As circled at C, the Stochastic remains below 30%, in the short-term bearish territory. This suggests that the short-term movement of the KLCI is still on the weaker side. If the Stochastic should break above 30%, it would be a signal suggesting a technical rebound.

 

In conclusion, after precisely rebounding from 1600, the KLCI was fluctuating in a narrow range on Wednesday. However, the score board is showing some improvement with gainers outnumbering loser, 409 to 292. However, this minor improvement is not yet reflected in the KLCI performance. Nonetheless, it is still too early to call for any bearish or downtrend movement for the KLCI.

 

HAPPY TRENDING

December Soybean Oil Chart c/w Technical Recommendations 11092012

ZLZ12 Technical Analysis Daily Chart

ZLZ12 Technical Table

 

HAPPY TRADING

FCPO Prices Forecast For 10 - 14 September 2012

The Chinese & Indians Import Data Kept FCPO Afloat Today

ZL didn't bother to insert the SMA 200

The bulls live above & below the bears

HAPPY TRADING

Technical Analysis : FBMKLCI 10-09-2012 / 富时大马综合指数 2012-09-10

FBM KLCI 10 Sept 2012

As indicated by A, the FBM KLCI had its early gains up to 4.64 points, but due to the strong selling pressure in blue chips, the KLCI was pulled down, thus unable to break above the 1625 level, closing at 1621.04 points, downed 3.51 points. Therefore, the immediate resistance for the KLCI is at 1625 while the 14, 21, 31 EMA is serving as the dynamic resistance. Next support is at 1600 psychological level.

 

As indicated by B, total market volume fell 23.81%, with volume clearly below the 40-day Volume Moving Average. This suggests that the market is quiet, as investors are unwilling to take up new positions. Generally, it is normal to have lower volume when the market in a whole is falling, but of course, without sufficient participation, the market is less likely to pick up its strength.

 

As circled at C, the Stochastic remains below 30%, despite rebounding from 0% last week. This suggests that the short-term movement of the KLCI is negative.

 

In conclusion, after falling below the 14, 21, 31 EMA, the uptrend of the KLCI was temporary interrupted. Although the KLCI pulled back and rebounded a little after its short-term over-sold condition last week, the strong selling pressure is preventing the KLCI from rising further. Nevertheless, we have yet to see the formation of a downtrend.

 

富时大马综合指数 2012-09-10

如图中箭头A所示，富时大马综合指数虽然一度上扬4.64点，惟蓝筹股项继续受到套利的卖压，使得综指未能突破1625点的水平，以1621.04点挂收，按日下跌3.51点。因此，1625点正是综指目前的阻力水平。此外，图中所示的14、21、31天EMA也转为综指目前的动态阻力线。综指支持落在1600点的心理整数水平。

 

如图中箭头B所示，马股总成交量减少23.81%，成交量明显的减退，并处于40天的成交量平均线（VMA）以下。以技术而言，当综指（或马股整体上）下跌时成交量出现萎缩是一个很正常的现象。不过，若成交量继续处于偏低的话，那市场一般上也难以转强。另外，周一

 

如图中C圈所示，随机指标（Stochastic）上周跌至0%水平后反弹，不过至今还是未能突破30%的水平。这表示综指短期的走势目前是处于弱势中。

 

总的来说，综指自失守14、21、31天EMA后，涨势便受到了破坏。综指上周一度出现短期超卖的现象，而随后出现拉回效应而稍微回弹。但由于蓝筹股项继续受到强大卖压拖累，综指暂时未能转强。无论如何，虽然如此，综指亦还未出现形成跌势的特征。

 

祝你好运