Ok boys and girls, all eyes on today markets.
Market Brief:
-Dow Jones hits the 1st 10,000 mark and Dow Futures still trading on discount. Something fishy going on ?
-Regional share market went up on average 2%.
-Crude oil set another day high as it was traded $75.89 /barrel as now, the highest since Oct 14 2008.
What do you think it will do for our market, KLCI and CPO ?
Let look at the charts before we start to make any conclusion.
FKLI Weekly Chart
FCPO Daily chart
Price action indicate that there might be a pull back from the recent breakout as it was traded flat throughout the week. Let see if the price can pull back and create a lower low, maybe next week. If this materialize, there might be a long setup. So, stay tune.
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Good call on the market - do you have comments on other markets as well? or do you just focus on the Malaysian markets?
ReplyDeleteHi there,
ReplyDeleteYes, but I will be more emphasizing local capital and commodities markets at the moment. Still need some time for foreign market as I still need some one good in CSS HTML language to help me restructure the layout and add other useful widget.