However, the volume for today is not convincing for a bearish market for FCPO.
Tuesday, February 05, 2008
5:25 pm - FKLI is on course for higher closing
The 61.8% retracement is at 1445. Expect some resistance at this level.
10:43 am - My newsletter recommends LONG position @ 3274
The market has broken thru the last high -> 3420 and trading at 3440-3446 range.
The trade is in the money +145 points.
10:34 am - FCPO gap up to the last resistance 3420
Soy oil has broken thru the last high. Let's see if FCPO can break new high.
8:50 am - FKLI gap down slightly despite DJIA -100 pts.
FKLI is reacting to bullish overnite by soy oil and crude palm oil. Soy oil has touched new high @ US56.08.
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