Overnight US down 6 points and forming a star candlestick that engulf the candle of the previous session. It is expected that US will halt the upside for tonight. FKLI is still holding well at the ground of 1550 with moderate volume and increasing OI. Shanghai and HK market resume today and we shall see more volume coming in. It is expected to move at a range with strong resistance at 1560-1565 and support at 1540-1545.
FCPO had a volatile day yesterday, open slightly higher and met a resistance at 3399 then all the way down to the strong support at 3335 level. It closed slightly lower than the mid point of the previous session. It has come to a critical session. If the price can go through 3400 level today, upside is still sustain. If not, is advisable to get out once it breaks the resistance and wait for a fresh clear signal. Support level is expected to be at 3335, followed by 3325 and 3280.
News to be watched out: China increase interest rate.
Net position: Long CPO Jun @ 3293
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