Tuesday, February 05, 2008

6:01 pm - FCPO has a very bearish closing today - Double Top at the TOP

However, the volume for today is not convincing for a bearish market for FCPO.

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.