tag:blogger.com,1999:blog-4164257101059436021.post8906938904789976277..comments2023-10-24T21:09:57.100+08:00Comments on my.trading.space: Feb 20 - FKLI, FCPO & SoyOilAnonymoushttp://www.blogger.com/profile/01799874121869920178noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4164257101059436021.post-53758369038986718422013-02-21T13:04:26.782+08:002013-02-21T13:04:26.782+08:00Feb 21 @ 1240h,
*On FKLI*
FKLI din go for a rebo...Feb 21 @ 1240h,<br /><br />*On FKLI*<br /><br />FKLI din go for a rebound as signal by yesterday's hammer.<br /><br />Instead, it broke lower to 1,593, looking like yet another candle within the flat range in the making.<br /><br />If bulls are unable to push price up to close above the 1,600 psychological level today, we may well see continuous drop ahead, without any significant rebound.<br /><br />As of writing, 1,595-96 level is holding nicely after rebounding from the morning low of 1,593.<br />If it holds well, FKLI might see some rebound in the afternoon. <br />Upside ST resistance @ 1,600.5-1,603.5<br /><br />>>><br /><br />*On FCPO*<br /><br />CPO open with a big gap down to 2,516, forming a latest pivot at 2,585.<br />Price quickly rebound back to 2,530 region, showing limited downside for the day.<br /><br />Note that price is currently sitting right on the daily uptrend channel (lower channel line), which has been a good support for the rally since Dec'12 low of 2,217.<br /><br />Although the daily uptrend is still intact, ST sentiment on CPO has now turned bearish. <br /><br />>>><br /><br />*On SoyOil*<br /><br />SoyOil has broken below its ST uptrend line, after failing a bullish flag breakout yesterday evening. <br />Price now sitting on support level of 51.70.<br />Strong support comes in at 51.30-51.40.<br />ST sentiment has also turned bearish, for the moment.<br />Anonymoushttps://www.blogger.com/profile/01799874121869920178noreply@blogger.com