US Market & Regional Asians Market including our KLSE & KLCI Index Break new highs today. Tonight US Market should break US Dow Jones 11,000 if this momentum continues hence breaking a new resistance level, KLCI Futures should break 1350 tomorrow if tonight US market is very bullish.
From the Charts you will see that Most Regional Markets are near its peaks so get ready to take profits and set a stop loss if there is a sudden change of trend.
For the KLSE & KLCI as long as the volume traded are still more than 1 Billion then we are still in a strong bullish uptrend, if the volume goes less than 800 Million. Then its a not so bullish and more into a consolidation level. Get read to take profit anytime :)
CPO Has already gone down to RM2570 while USD Crude Oil has hit new high of USD85.67. Expect CPO to Rally after it soften down to RM2500 level soon.
