3:10 pm - FKLI indeed break below 1210 after lunch !

Our short recommendation is on 1206 as FKLI is testing 1205 for the 3rd time. GO SHORT !

Our SMS send out to clients has problems. Call us to place trade 03 2095 3982.

12:36 pm - FCPO moving sideway due to weak Malaysian Palm Oil Berhad Report (MPOB)

Output is up (+9.8%) , inventory is up (+6.9%) but export is down (-5.5%) by MPOB.

12:30 pm - FKLI looking to break lower after lunch !

Let's see if it is true ! Else the FKLI market is ranging !

10:21 am - Support @ 12,300 now becomes a resistance for DJIA

10:13 am - FKLI hit low at 1206 and S1 @ 1205.

High of 1219.5 and low of 1206 means the daily range has been ranged.

9:27 am - FKLI is moving sideway for the time being !

News from Reuters is indicating M'sia is going under high inflation due to oil price hike.

5:39 pm - Trading Daily Pivot - 10 June 2008

For FKLI PP

For FCPO PP

5:31 pm - KLCI is forming saucer shape - Bullish pattern !

Crude oil is down to USD 136 and DJIA futures is up +50 pts. pointing to higher closing of DJIA tonite.

5:29 pm - FKLI close with a full body !

FKLI is bullish !

3:47 pm - My newsletter call for LONG position @ 3674

FCPO is testing to break 3700 for the 4th time (EOD chart) around and second time for today ! If FCPO break above 3700, it is not coming back !

Most clients are in around 3674.

3:39 pm - It does not matter KLCI wud close. It all determine on DJIA closing tonite !

As long as KLCI does not close lower than 1214.0. The FKLI will gap up or down pending on DJIA. Do not keep overnite position !

2:04 pm - Tradeguider : Strength coming in for FKLI on last Friday

Watch out ! FKLI wants to go higher on the daily EOD basis.

11:24 am - FKLI is moving sideways.

The range of the day have been used up between 1203/1216.0

9:15 am - DJIA break past major support 12,300.

This does not look good for DJIA in the short term.

8:58 am - FKLI gap down almost -25 pts due to heavy DJIA fall last Friday !

FKLI uptrend status is stalled. FKLI is likely to move sideway or downward. Intraday can go LONG !

8:54 am - Monday's Trading PP for 9 June 2008

FKLI Daily PP

FCPO Daily PP

8:19 am - This wud affect FCPO prices to move higher which in turn drive plantation counters, leaving KLCI slightly lower than worst

Oil's biggest day yet drags down stocks NEW YORK (AP) - Oil pricesmade their biggest single-day leap ever Friday, dragging the Dow Jonesindustrials down nearly 400 points and raising the once-unthinkable prospect of$150 oil and more record gas prices by the Fourth of July. The meteoric rise of nearly $11 for the day piled atop an increase of almost$5.50 the day before, taking oil futures more than 13 percent higher in just twodays, easily a record on the New York Mercantile Exchange. And those weren't the only stunning numbers of the day: The government alsoreported the nation's unemployment rate zoomed to 5.5 percent in May, a monthlyrise of half a percentage point, the biggest in 22 years. Oil settled at $138.54, a rise of more than 8 percent. The surged came afterMorgan Stanley analyst Ole Slorer predicted strong demand in Asia and tightsupplies in the Western Hemisphere could drive prices to $150 by IndependenceDay, when millions of Americans take to the roads. That means no end in sight for spiraling gas prices, already above $4 pergallon in much of the country. Even longtime market observers were shocked by the magnitude and speed ofoil's rally. "We're into unchartered territory, and somewhat off the map as far ashistorical precedents are concerned," said Jim Ritterbusch, president of energyconsultancy Ritterbusch and Associates in Galena, Ill. Besides the jump in the unemployment rate, the Labor Department saidemployers had cut 49,000 jobs in May, the fifth straight month of nationwidelosses. Job losses for the year reached 324,000. The White House said President Bush was considering further plans to helpenergize the economy, already teetering on the edge of recession and crippled bya tumbling housing market and other factors. On Wall Street, the Dow plunged 394.64 points, more than 3 percent, to closeat 12,209.81, the biggest drop in more than 15 months in both percentage andpoints terms. Wall Street had managed to shrug off oil's advance on Thursday but succumbedto extreme anxiety Friday. The stock market's great concern of late has been whether consumers wouldcurb their spending on non-essentials as they were forced to pay more for gasand other staples. The previously unthinkable idea of $150 oil, and gasoline that will keepclimbing above $4, made it clear to investors that consumers would be forced tobe even more conservative than they have been in recent months. Before Thursday, oil had receded nearly $13 a barrel from its highs, arespite from its nearly record-every-day march. But the end of the week sent itright back up again. The burst in oil prices also raised the prospect of accelerating inflationby adding to already strained transportation costs -- which will send priceshigher throughout the economy. Light, sweet crude for July delivery officially finished the day at $138.54,up $10.75 on the Nymex. But after the settlement, the contract jumped as high as$139.12. Prices hit a previous record of $135.09 a barrel on May 22, and settledThursday at $127.79. Traders also zeroed in on remarks by an Israeli Cabinet minister who wasquoted as saying his country will attack Iran if it doesn't abandon its nuclearprogram. Transportation Minister Shaul Mofaz added that Iranian PresidentMahmoud Ahmadinejad "will disappear before Israel does," the Yediot Ahronotdaily reported. Iran is the second-biggest oil producer in the Organization of PetroleumExporting Countries, and traders worry that any conflict with Israel coulddisrupt global supplies. A further weakening of the dollar also helped send oil prices higher byenticing overseas buyers armed with stronger currencies and others looking for ahedge against the greenback. But it also represented a stampede by bullishtraders and optimistic computer models betting that prices still have further torise. "The bulls ... refuse to go away," said Stephen Schork, an analyst andtrader in Villanova, Pa. Meanwhile, U.S. gas prices at the pump continued to hover just shy of anaverage $4 a gallon, easing only 0.3 cent from Thursday's record. Drivers are now paying an average of $3.99 for a gallon of regular gasnationwide, according to AAA and the Oil Price Information Service; in manyparts of the country, consumers are already paying well over $4. Retail dieselslipped a penny overnight to $4.76. Pump prices are bound to rise even further if oil sustains its advance.James Cordier, president of Tampa, Fla.-based trading firm Liberty TradingGroup, predicted prices could rise to $4.25 as early as the end of the month. "Unfortunately, drivers cutting back isn't going to lower the price ofgasoline anytime soon," he said. The dramatic reversal in what had been a weakening oil market began Thursdayafter ECB President Jean-Claude Trichet suggested the bank could raise interestrates and the euro climbed against the dollar. When interest rates rise inEurope, or fall in the U.S., the dollar tends to weaken against the euro. Many traders buy commodities such as oil as a hedge against inflation whenthe dollar is falling, and a weaker dollar makes oil cheaper for investorsdealing in other currencies. Analysts believe the dollar's protracted declinehas been a major reason why oil prices have nearly doubled in the past year. The euro strengthened further against the greenback Friday. A LaborDepartment report showing the U.S. unemployment rate jumped half a percentagepoint to 5.5 percent last month -- its biggest monthly increase since 1986 --could drag the dollar even lower in the days ahead. "Unemployment jumping as it did today will be in the market for a long timeand will continue to pressure the U.S. dollar," Cordier said. The influx of so much fresh money into the energy markets has caught theattention of federal watchdogs. The U.S. Commodity Futures Trading Commissionrecently said it was six months into a probe of U.S. oil markets focused onpossible price manipulation. Asked about Friday's surge, CFTC spokesman R. David Gary said: "People areaware of what's happening and are monitoring the markets closely, but beyondthat there is no comment." In other Nymex trading, heating oil futures jumped 29.32 cents to settle at$3.974 a gallon, while gasoline prices rose 21.35 cents to settle at $3.548 agallon. Natural gas futures rose 17.4 cents to settle at $12.693 per 1,000 cubicfeet. In London, July Brent crude shot up $10.15 to settle at $137.69 a barrel onthe ICE Futures exchange. AP Business Writer Matthew Perrone in Washington contributed reporting. Copyright 2008 Associated Press. All rights reserved. This material may not be

5:22 pm - FKLI closed well at 1230.0

If DJIA closed slightly lower on Monday, our FKLI can still move uptrend. If Gap up, get out !

2:48 pm - DJIA is likely to close with a doji tonite after yesterday very high closing +214 pts.

If you are afraid to carry your position, close your FKLI trade tonite.

2:42 pm - KLCI is forming a mushroom bullish shape.

Maybe KLCI can just closed above 1241.0 tonite !

11:53 am - KLCI has to closed above 1242 to maintain its uptrend.

If we get to close below 1242, the market becomes choppy and might move sideway !

9:55 am - FKLI has gap up !

I believe FKLI wud close higher with a small bodies. The market wud congest sideway next week having retracing 100%.

8:58 am - FKLI gap up slightly due to higher closing DJIA overnite.

Short seller wud be covering their short trade (cut lose because they went short yesterday). So the market wud go up slightly until later we will short the FKLI !

Going long in the morning !

5:02 pm - Very difficult to read FKLI now !

I wud not carry any position tonite as FKLI wants to go up but market is down. Might closed around 1216.0

4:08 pm - Think to go LONG !

Be ready to go LONG and carry overnite !

Take profit at the opening of FKLI gap up if DJIA closed higher tonite !

4:03 pm - FKLI hits 1215.5 our short stop is OUT !

We are out of our SHORT position ! Had a good profit today !

3:22 pm - Very, very strong support @ 1205

Think to go LONG at 1204 ! and short around 1217-1220.0 !

11:30 am - Light Crude oil hits all time last week !

It is going downhill from now ! Tradeguider turns Red and price trend !

10:31 am - FKLI is forming a saucer shape - Bullish pattern !

Wait to short @ 1215-1219.0

9:37 am - FKLI is holding up at s2 @ 1204.5

This is climatic action - Hidden potential buying. Start to think to go LONG. But not yet ! Short higher. Buy at lower.

9:03 am - FKLI gap down almost -20 pts reacting to 40% fuel oil hike !

We are going to test FKLI support @ 1200

8:38 pm - This is a critical level as FKLI has retraced to 61.8%

We may see some technical rebound tomorrow as FKLI may bound higher ! However, if FKLI continued to fall, we are heading for 1220

4:48 pm - FKLI indeed goes into -20 discounts.

wow ! what I said in the morning became true !

3:39 pm - KLCI is sliding down in 45 degrees.

Next 61.8% retracement at 1249.0. Currently at 1252.0. If it breaks 61.8%, we are heading 72% @ 1240.0

2:32 pm - FKLI drop further .

Next support at 1240. This is where FKLI maybe heading.

2:27 pm - DJIA looks to fall further tonite !

Support @ 12310.

9:54 am - I believe our FKLI will go into huge discount very soon !

It is trading at 11 pts discount.

On the separate news, PM Badawi had announced they are considering banning the public from trading palm oil futures in M'sia. This may mean closing the palm oil futures exchange.

9:50 am - FKLI is testing 1245 again for the third time.

Let's see if it can break 1245.0 and go lower. Call us to short ! There is no sign generated.

9:10 am - FKLI gap down due to DJIA -100 pts drop

If FKLI break low @ 1245, FKLI is heading lower.

5:59 pm - FKLI is testing monthly support @ 1248.5

Having broke 1256.0 and FKLI is turning toward lower high. With weekly support s2 @ 1244.0.

FKLI wud test 1244/1248.5 tomorrow.

5:31 pm - FKLI certainly closed below 1256.0

The call for short is on !

4:45 pm - FKLI broke down 1256.0 for the second time.

Short trade is initiated. My newsletter recommendation also recommend Short @ 1256.0.

Going SHORT !

9:30 am - Doji followed by a wide range down bar

DJIA has a bearish pattern. You can keep FKLI overnite on short trade.

9:06 am - FKLI gap down due to DJIA -1.0 pct dropped.

Can FKLI drop further than 1260.0 ? It has a strong support at 1260.0

5:07 pm - FKLI is rangebound between 1266/1272

It is so difficult to trade FKLI with few points range between them.

2:39 pm - This will impact our FCPO market indirectly - Hedge Funds Cut Bets on Oil as Prices Rose, CFTC Started Probe

Hedge Funds Cut Bets on Oil as Prices Rose, CFTC Started Probe
By Robert Tuttle and Grant Smith
June 2 (Bloomberg) -- Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures rose to records and U.S. regulators started investigating trading, government data show.
So-called speculative net long positions fell to 25,867 contracts on the New York Mercantile Exchange in the week ended May 27 from a record 127,491 on July 31, according to a U.S. Commodity Futures Trading Commission report on May 30.
The decline may complicate the CFTC's probe as regulators try to determine how much of the rise in oil to more than $135 a barrel last month was caused by speculators who may have manipulated the market instead of consumer demand. The CFTC, under pressure from Congress, said May 29 it was investigating the doubling of oil prices the past year and said it will consider giving more detail on the types of oil investors and their holdings.
``The real problem is with passive investors like pension funds and index traders, who do not really qualify as speculators because they're long term'' holders of oil contracts, said Olivier Jakob, managing director of Petromatrix Gmbh, a consulting company in Zug, Switzerland. ``There are no numbers on index traders, that's why the CFTC is going to ask for them and publish them.''
Unusual fluctuations in cotton prices that disrupted sales by farmers in March are also the target of an investigation by the CFTC, two people familiar with the probe said May 31. Cotton traded on IntercontinentalExchange Inc.'s ICE Futures U.S. unit rose to a 12-year high of 92.86 cents a pound on March 5, then fell 26 percent by March 20.
Speculative Positions
Results of the probe may be released as soon as June 3, said the people, who asked not to be identified because it hasn't been made public.
Scrutiny of the oil market increased as Congress held hearings May 22 and oil soared to a record $135.09 a barrel the same day, threatening the U.S. economy and spurring inflation. OPEC President Chakib Khelil on May 31 blamed record prices on speculation and the declining U.S. dollar, saying there's no shortage of crude.
Prices fell the most since March last week. Crude oil for July delivery declined 3.7 percent to $127.35 a barrel on the New York Mercantile Exchange.
Some investors said the decline shows the market isn't being manipulated. Total speculative long positions in New York futures fell to 215,999 contracts in the week ended May 27, down 18 percent from a record 264,395 on July 31, according to CFTC data.
`Driven by Fundamentals'
``There is good reason why prices are high, and it's driven by fundamentals,'' said Paul Tossetti, director of oil market analysis at consultants PFC Energy in Dallas. ``When you look at the number of players, the number of open positions, I don't know how anybody can manipulate anything.''
Global oil demand, forecast to increase 1.2 percent this year, may outpace supply growth as energy consumption increases, especially in China and India, the Paris-based International Energy Agency said in a May 13 report.
The CFTC has been investigating the transportation, storage and trading of crude oil in the U.S. since December. The probe includes oil futures contracts.
Acting Chairman Walter Lukken said in an interview May 30 the CFTC will leave ``no stone unturned'' to make sure the oil market isn't being manipulated.
Speculators Playing
Speculators ``are playing the commodities without question, and they are taking bets on where it's going to go, but they are betting on the fundamentals,'' said Joseph Stanislaw, chief executive officer at JAStanislaw Group LLC, a consulting company. ``Demand is growing at a faster rate than production capacity.''
The CFTC's Commitment of Traders report, issued each Friday, shows how many futures contracts have been bought, referred to as ``long'' positions, or sold, known as ``short'' positions, by three types of market users.
Commercial traders, including oil producers and refiners, use the market to hedge their business, while non-commercial traders include financial speculators and hedge funds. The third category is for non-reportable traders, whose positions are too small to consider.
Futures are increasingly being bought and sold by investors that track commodity index futures such as the Reuters/Jefferies CRB Index. The CFTC provides some weekly information on index trader positions for 12 agricultural commodities, including corn, cotton and soybeans. It doesn't provide the data on oil.
The commission decided to start publishing figures for index traders in agricultural futures in December 2006, and is now considering broadening that scope to oil markets.
To contact the reporter on this story: Grant Smith in London at Robert Tuttle in New York at rtuttle@bloomberg.net

2:32 pm - FCPO had closed the gap

FCPO has closed the gap left on Friday ! FCPO market is bullish !

9:41 am - DJIA looks like ranging at this point.

DJIA is directionless and professionals are not participating in the market denoted by the volume.

12:15 pm - KLCI hits quadraple top at 1276.0

Now, it is starting to mushroom down.

11:23 am - FKLI June 08 has formed double top

If FKLI can break 1268 and closed higher, FKLI is bound higher. Else we see lower 1260 and lower today.

9:29 am - DJIA is heading higher as US revised their GDP higher !

DJIA is moving sideway until they sell down it again.

9:13 am - FKLI is holding up nicely !

FKLI has not progress downward since it has retraced to 50% retracement @ 1253.0.

Here is the deal, if crude oil is falling lower, our plantation counters wud too, so how can FKLI goes higher.