With US Dow Jones Market Breaking 10,608 last night, KLCI should be break 1,300 soon. Market is now on an uptrend and more on Oil/CPO Rally. Rubber & other Commodities is also on an Uptrend.
KLCI is on an uptrend to break 1,300 Level Soon.
I have been trading CI Futures, but I am now more focus on CPO which went up from Rm2,200 to Rm2,700 within the last 3 months. CPO is definitely more active and more interesting and easier to trade than KLCI Futures.
For the past 2 weeks US Light Crude Oil has went up from USD68, touching USD82.47 just now even. CPO look like on track for RM2700 to RM3000 should this Oil/Soya Bean Rally continues.
With this Icy Winter, Stocks Counter that are Oil related are also among the top volumes. I maintain a bullish look on CPO to Rm2750 for this week and will break Rm2800 soon, Current support is around RM2680.
2 comments:
Hi Brandon what about your Forex results of your LIVE ACCOUNT? Are you making money?
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