Thursday, January 7, 2010

KLCI Futures Touch 1300 Finally, CPO Above 2700

After 6 weeks of waiting, with no positive affect from Maxis IPO Listing. KLCI Futures finally hit 1300 Level. Volume has started to come in for KLSE and Volume is strong above RM1 Billion.


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:

Anonymous said...

Hi Brandon what about your Forex results of your LIVE ACCOUNT? Are you making money?

rolls567 said...

Please beware there are many fake cryptocurrrency investment platforms out there, I got scammed twice before I met a genius hacker who helped retrieve my bitcoin. The whole plan was so smooth I could not doubt it. Bitcoin is actually a great investment option but one thing I discovered over time is that it is not possible to mine bitcoin so don’t be deceived. I invested 15BTC on a particular website called FoxBtc, I monitored the profit yielding but got locked out of the account before I could withdraw. I went online and met this recovery expert at recoverywealthnow360 on google mail who helped me retrieve my bitcoins back in few hours. He saved my life , he can save yours.