Gold

A possibility of head and shoulders pattern. 

Dollar Index

The index has been moving along the uptrend channel. Resistance at 97.7 and expecting to move downward testing the lower support line of the channel. If this happen the ringgit will be strengthened in the next few weeks. 

USDMYR

Dollar strength in forex market is reflected in ringgit against US dollar weakness. Still on the upward move testing the 4.10 resistance. 

CPI future

From 21st March high, a bearish 123 pattern carried it from a high of abt 2180 to 2103 on last Friday close. A bearish sentiment is not over yet.

KLCI future

Friday morning close above 1BB, but in the evening fall below. Expecting recovery  this week with a possibility of fillung up the monday gap. 

KLFI

Must be hard for unit trust investment manager but for hedge fund it smell money for the last two days of the week.

Bursa Malaysia

The local market performance was an odd to regional markets. The sell signals in the last few bars were negated since it could not pierced the low of the signal bar. Today morning bar crossed over the support line to enter a bearish zone.

CPO

Prices on the shaded area has moved above 1st BB and 5MA but only the third candle has been pierced on the high ie for buy by the 4th candle indicating a buy signal. 

 

KLCI futures

Similar to the mother index