1129 Futures News

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN *MYR 8,500*/ lot ya effective (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is FEBRUARY (G) 2025

Code in CQG MPOG25
Code in Ayers GTS is FCPOG5

*New Margin Effective 19/11/2024*

*Overnight Margin akan jadi RM 8500/lot*
*Intraday Margin 50% akan jadi RM 4250/lot*

❗️❗️❗️TOLONG BERHATI HATI AS MARKET VERY VOLATILE DAN
JAGA MARGIN DAN STOP LOSS ANDA❗️❗️❗️



❗️❗️❗️
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PLS TAKE NOTE & THANK YOU

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil tumbled on Wednesday, following U.S. soybean oil prices as worries mounted over Malaysia's disappointing export outlook for this month.
- Cargo surveyors ITS posted a decline of 1.4% in Malaysian palm oil exports for the first 20 days of November, while Amspec reported a 5.3% drop.
- Oil prices held steady for a second day, as fears of Russian supply disruptions sparked by the escalating Ukraine conflict and surging Chinese crude demand offset the impact of rising U.S. crude stockpiles.
- The market is under pressure due to expectations of higher soybean supplies, particularly from Brazil, next year.

World Oil and Grains
- CBOT soybean futures hit a two-week low on Wednesday, and soybean oil futures plunged 3% due to expectations of abundant South American soy harvests and uncertainty about demand for soy-based biodiesel.
- Weather analyst forecasts indicate favorable weather conditions for Brazil's soybean crop. High levels of precipitation and moderate temperatures are anticipated throughout the remainder of the month, creating optimal growing conditions.
- Traders were unfazed by news of fresh export deals. The USDA confirmed sales of 202,000 metric tons of U.S. soybeans to China and 226,200 tons to unknown destinations.
- As Thursday's USDA export sales report looms, traders predict a strong week for U.S. soybean sales, estimating 1.0-1.6 million tons for the week ended 14th Nov.

Base and Precious Metals
- Copper prices climbed for a fourth consecutive session on Wednesday as markets calmed down after Russia's foreign minister toned down nuclear threats. Prices found technical support, though a stronger dollar limited gain.
- Markets were sent into turmoil on Tuesday by the news of Ukraine's use of U.S.-supplied ATACMS missiles against Russia, coupled with Moscow's lowered nuclear threshold.
- Gold futures skyrocketed to a one-week peak on Wednesday, as investors fled to the safe-haven metal amid heightened geopolitical risks stemming from the Russia-Ukraine conflict.
- Investor attention is focused on several Federal Reserve officials who are scheduled to deliver remarks this week. Market expectations for a rate reduction in December have decreased significantly, with the probability now estimated at 55.7%, down from 82.5% a week prior.

Market Outlook
- Palm oil futures declined significantly yesterday, falling RM109 to close at RM4,815. The recent upward price movement above RM5,000 has been followed by a correction, indicating a potential test of the current support level of RM4,800. The hourly stochastic indicator suggests that the market is currently oversold.
- Palm oil futures are expected to extend lower today, compounding by the losses in Dalian palm oil while U.S. soybean oil also showed weakness. RM4,800 is likely to be breached and the revised support is seen near RM4,700.

Opening range: 4720 to 4730
Projected range of the day: 4700 to 4900

Resistance 5050 Next 5100
Support 4700 Next 4600


BMD FCPO Total Open Interest
07/11/2024: 245,610 (+1,775)
08/11/2024: 239,911 (-5,699)
11/11/2024: 238,158 (-1,753)
12/11/2024: 239,980 (+1,822)
13/11/2024: 245,489 (+5,509)
14/11/2024: 247,747 (+2,258)
15/11/2024: 253,114 (+5,367)
18/11/2024: 255,764 (+2,650)
19/11/2024: 253,276 (-2,488)
20/11/2024: 244,155 (-9,121)

RHB♦️Investment Bank Bhd
Technical Analyzer
21 Nov 2024

FCPO: Negative Momentum Picking Up Pace

Maintain long positions
The FCPO declined further after experiencing fresh selling pressure, retracing MYR109 to close lower at MYR4,815. On Wednesday, the commodity started off trading at MYR4,928. It tested the MYR4,972 session’s high and fell to the MYR4,811 session’s low before closing at MYR4,815 – printing a fresh bearish candlestick. The latest “lower low” closing shows the bearish momentum is picking up pace again. For the coming sessions, the commodity may attempt to rebound from the MYR4,800 support level. In the event the FCPO closes below this immediate support, the positive technical setup will be negated. Meanwhile, the MYR5,000 level still acts as an immediate resistance. Despite the commodity undergoing correction, we still hold on to the bullish trading bias until it closes below the immediate support.

We advise traders to retain the long positions initiated at the close of 20 Sep, or MYR3,947. To manage the downside risks, the trailing-stop threshold is fixed at MYR4,800.

The immediate support is still marked at MYR4,800, followed by MYR4,600. On the other hand, the immediate resistance is still pegged at MYR5,000, followed by MYR5,200.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO FEB25 TREX pivot 4867. R1 4922, R2 5028, R3 5189, S1 4761, S2 4706, S3 4545.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

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Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN *MYR 8,500*/ lot ya effective (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is FEBRUARY (G) 2025

Code in CQG MPOG25
Code in Ayers GTS is FCPOG5

*New Margin Effective 19/11/2024*

*Overnight Margin akan jadi RM 8500/lot*
*Intraday Margin 50% akan jadi RM 4250/lot*

❗️❗️❗️TOLONG BERHATI HATI AS MARKET VERY VOLATILE DAN
JAGA MARGIN DAN STOP LOSS ANDA❗️❗️❗️



❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil rebounded on Tuesday, driven by supply concerns. The tropical oil's volatility reached a one-year high due to conflicting fundamental factors.
- Market has overall risen nearly 34% this year, primarily driven by concerns over poor production in Indonesia and Malaysia. However, potential declines in demand in the coming months have limited the upside for this widely consumed cooking oil.
- Traders will be monitoring upcoming palm oil export data for the 1st – 20th November period, which is scheduled to release by cargo surveyors on Wednesday.
- The Malaysian Customs Department has revised the gazette price for crude palm oil at RM4,471.39 per ton, triggering the maximum 10% export tax, as announced in a circular posted on the Malaysian Palm Oil Board's website.

Base and Precious Metals
- Aluminum prices declined as the market assessed the impact of China's decision to eliminate tax refunds on certain aluminum exports.
- China's announcement on Friday that it would eliminate a 13% export tax refund for semi-finished aluminum products starting 1st December raised concerns about potential global supply shortages and increased domestic availability of these products in China.
- Gold futures extended gains on Tuesday, reaching a one-week high. Rising tensions between Russia and Ukraine fueled demand for safe-haven assets, while investors awaited key cues on the Federal Reserve's interest rate policy.
- The overnight news of Russia's revised nuclear doctrine, following Ukraine's recent long-range missile strike on Russian territory, has likely triggered increased safe-haven demand for gold.

World Oil and Grains
- CBOT soybean futures closed lower on Tuesday, with the benchmark contract falling below $10 per bushel. Favorable weather conditions in Brazil raised expectations of a large soybean harvest from the world's top producer.
- According to Ag Rural, approximately 80% of the 2024/25 soybean crop has been planted in Brazil. The Brazilian Oilseed Industry Association projects a harvest of 167.7 million tons, which is expected to drive record-high soy exports and domestic processing.
- Brazil's Agriculture Minister announced that the country will finalize farm agreements with China, its largest trading partner, on Wednesday, ahead of scheduled meetings with China President Xi Jinping.

Market Outlook
- Palm oil futures traded sideways yesterday, fluctuating between gains and losses as market participants held divergent views on the future outlook. Prices opened at RM4,907, ranging between RM4,804 and RM5,007 before closing at RM4,924. The recent price action suggests support above the RM4,800 level. At current levels, the market is relatively balanced, and any significant shifts in underlying fundamentals could trigger upward or downward price movements.
- Palm oil futures are expected to open flat today, mirroring the slight decline in U.S. soybean oil and modest gains in Dalian palm oil. The market is likely to consolidate as traders await the release of upcoming export data for further direction.

Opening range: 4930 to 4940
Projected range of the day: 4800 to 5000

Resistance 5100 Next 5200
Support 4850 Next 4700





BMD FCPO Total Open Interest
06/11/2024: 243,835 (+3,815)
07/11/2024: 245,610 (+1,775)
08/11/2024: 239,911 (-5,699)
11/11/2024: 238,158 (-1,753)
12/11/2024: 239,980 (+1,822)
13/11/2024: 245,489 (+5,509)
14/11/2024: 247,747 (+2,258)
15/11/2024: 253,114 (+5,367)
18/11/2024: 255,764 (+2,650)
19/11/2024: 253,276 (-2,488)

RHB♦️Investment Bank Bhd
Technical Analyzer
21 Nov 2024

FCPO: Eyeing To Climb Above The MYR5,000 Resistance

Maintain long positions
The FCPO is seen consolidating above the immediate support and eyeing to break above the MYR5,000 resistance. On Tuesday, the commodity began trading at MYR4,907. After setting its foothold at the MYR4,804 session’s low, it climbed to test the MYR5,007 session’s high before closing at MYR4,924. The latest price action affirmed the MYR4,800 level is providing a strong support. As long as the commodity stays above the MYR4,800 support, it may stage a fresh attempt to break past the MYR5,000 resistance. In the event a bullish breakout happens, the FCPO will move towards the next resistance at MYR5,200. Pending a fresh upside movement, we will stay on the bullish trading bias.

We recommend traders to stay on the long positions initiated at the close of 20 Sep, or MYR3,947. To manage the downside risks, the trailing-stop threshold is placed at MYR4,800.

The immediate support is still marked at MYR4,800, followed by MYR4,600. Conversely, the first resistance is pegged at MYR5,000, followed by MYR5,200.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO FEB25 TREX pivot 4912. R1 5019, R2 5115, R3 5318, S1 4816, S2 4709, S3 4506.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN *MYR 8,500*/ lot ya effective (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is FEBRUARY (G) 2025

Code in CQG MPOG25
Code in Ayers GTS is FCPOG5

*New Margin Effective END OF DAY TODAY*

*Overnight Margin akan jadi RM 8500/lot*
*Intraday Margin 50% akan jadi RM 4250/lot*

❗️❗️❗️TOLONG BERHATI HATI AS MARKET VERY VOLATILE DAN
JAGA MARGIN DAN STOP LOSS ANDA❗️❗️❗️



❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil retreated more than over 3% on Monday, pressured by weakness in Dalian palm olein and concerns over reduced demand due to China's revised tax rebate policy.
- China's recent decision to eliminate tax relief for exported used cooking oil could significantly reduce the country's demand for palm oil, as it may lead to a sharp decline in Chinese exports of this product.
- Oil prices inched higher after a weekend escalation of fighting between Russia and Ukraine, despite concerns over weakening Chinese fuel demand and forecasts of a global oil surplus.
- Soybean oil is currently trading at a discount of approximately $116 per ton to palm oil, compared to an average premium of around $125 per ton over the past year.

World Oil and Grains
- CBOT soybean futures rose on Monday due to technical short-covering, while U.S. wheat futures jumped after President Joe Biden's decision to allow Ukraine to use U.S.-supplied long-range missiles to strike targets within Russia.
- The USDA reported that U.S. exporters sold 30,000 metric tons of soybean oil to India for delivery in the 2024/2025 marketing year.
- The USDA also reported that U.S. exporters sold 261,264 metric tons of soybeans to Mexico for delivery in the 2024/2025 marketing year.

Base and Precious Metals
- Copper futures recovered on Monday as the dollar weakened, although gains were capped by concerns over potential U.S. tariffs and the impact of Chinese stimulus measures.
- The market is cautiously watching to see how potential tariffs and trade wars might impact demand in January, leading to a cautious trading approach.
- Gold futures rallied on Monday, snapping a six-day losing streak. The dollar's weakening momentum and increased uncertainty surrounding the Russia-Ukraine conflict boosted safe-haven demand for gold.
- The U.S. Federal Reserve is widely anticipated to implement a third interest rate reduction in December, despite recent data indicating a slowdown in progress towards the 2% inflation target. At least seven Fed officials are scheduled to deliver speeches this week.

Market Outlook
- Palm oil futures failed to sustain the upward momentum seen on Friday, retreating below the RM5,000 level on Monday. Prices opened at RM4,967 and fluctuated between RM4,865 and RM5,009 before closing at RM4,899. Hourly technical indicators suggest continued consolidation in the market, despite the recent price correction. At this point, the market may find support near the RM3,800 level.
- Palm oil futures are expected to open lower today, mirroring the decline in Dalian palm oil. However, strength in U.S. soybean futures may limit significant downward movement.

Opening range: 4870 to 4880
Projected range of the day: 4800 to 5000

Resistance 5100 Next 5200
Support 4850 Next 4700





BMD FCPO Total Open Interest
05/11/2024: 240,020 (-2,418)
06/11/2024: 243,835 (+3,815)
07/11/2024: 245,610 (+1,775)
08/11/2024: 239,911 (-5,699)
11/11/2024: 238,158 (-1,753)
12/11/2024: 239,980 (+1,822)
13/11/2024: 245,489 (+5,509)
14/11/2024: 247,747 (+2,258)
15/11/2024: 253,114 (+5,367)
18/11/2024: 255,764 (+2,650)

RHB♦️Investment Bank Bhd
Technical Analyzer
19 Nov 2024

FCPO: Upside Movement Blocked By The MYR5,000 Resistance

Maintain long positions
The FCPO faced strong profit taking activities during Monday’s session, falling below the MYR5,000 resistance and closing weaker at MYR4,899. On Monday, the commodity began trading at MYR4,967. It pulled back to the session’s low at MYR4,865 before closing at MYR4,899, printed a long bearish candlestick. The latest bearish price action saw a strong resistance formed at the MYR5,000 level. The commodity will likely be consolidating sideways below this immediate resistance. However, in a bullish setup, support will be strong. As such, the FCPO may attempt to rebound from the MYR4,800 support. Despite the commodity undergoing a correction, we still hold on to the bullish trading bias until the MYR4,800 immediate support is breached.

We recommend traders to keep to the long positions initiated at the close of 20 Sep, or MYR3,947. To manage the downside risks, the trailing-stop is set at MYR4,800.

The first support remains unchanged at MYR4,800, followed by MYR4,600. Towards the upside, the immediate resistance is revised to MYR5,000, and followed by MYR5,200.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO FEB25 TREX pivot 4925. R1 4984, R2 5069, R3 5213, S1 4840, S2 4781, S3 4637.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 8,500/ lot ya effective EOD 19/11/2024 (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is FEBRUARY (G) 2025

Code in CQG MPOG25
Code in Ayers GTS is FCPOG5

New Margin Effective Tuesday 19/11/2024

Overnight Margin akan jadi RM 8500/lot
Intraday Margin 50% akan jadi RM 4250/lot

❗️❗️❗️TOLONG BERHATI HATI AS MARKET VERY VOLATILE DAN
JAGA MARGIN DAN STOP LOSS ANDA❗️❗️❗️



❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil rebounded on Friday, halting a three-day losing streak as traders assessed the impact of lower winter demand against concerns over tight supply due to production challenges in Indonesia and Malaysia. Despite the rebound, market still recorded their first weekly decline in four weeks.
- Cargo surveyors Amspec and ITS reported a 6% and 7.3% decline, respectively, in palm oil exports for the period of 1st to 15th November compared to the same period in October. This marks a narrowing of the decline from double-digit levels earlier in the month.
- A rumor circulating about a potential revision to Indonesia's export levy or tax structure triggered panic buying among market participants. However, no official announcement regarding such changes has been made.

World Oil and Grains
- CBOT soybean futures climbed on Friday after China announced a reduction in export incentives for used cooking oil, potentially limiting the influx of Chinese imports into the U.S. market.
- China's Finance Ministry announced on Friday a reduction or cancellation of export tax rebates for various commodities, including chemically modified oils and fats, effective 1st of December.
- The influx of imported used cooking oil into the U.S. biofuel market has dampened demand for U.S. soybean oil. However, a potential decrease in Chinese used cooking oil exports could revitalize demand for U.S. soybean oil.

Base and Precious Metals
- Aluminum prices spiked on Friday after China announced the cancellation of export tax rebates, raising concerns about a potential decline in global supply.
- China's Finance Ministry announced on Friday the cancellation of export tax rebates for aluminum and copper products, effective 1st of December, potentially tightening global metal markets by increasing domestic supply within China.
- Gold futures took a dive on Friday, poised for their steepest weekly decline in over three years. This downturn was fueled by expectations of less aggressive interest rate cuts from the Federal Reserve, which strengthened the dollar and diminished gold's appeal to investors.
- U.S. Treasury yields surged further after data revealed a stronger-than-expected increase in U.S. retail sales, leading to a decline in gold prices as investors shifted their focus to economic fundamentals and reduced uncertainty.

Market Outlook
- Palm oil futures rebounded on last Friday, ending a three-day losing streak as bullish sentiment pushed prices above RM5,000. The market's strength is evident in the continued trading above this level, even with the rollover to the new active month. The recent range-bound trading may signal a potential consolidation phase following the recent rally, as suggested by hourly trend indicators.
- Palm oil futures may open mix today, tracking the gains in U.S. soybean oil while Dalian palm oil hold some losses. Price is likely to trade in range bound mode ranging between RM4,900 to RM5,200.

Opening range: 5020 to 5030
Projected range of the day: 4900 to 5100

Resistance 5100 Next 5200
Support 4850 Next 4700




BMD FCPO Total Open Interest
04/11/2024: 242,438 (-4,069)
05/11/2024: 240,020 (-2,418)
06/11/2024: 243,835 (+3,815)
07/11/2024: 245,610 (+1,775)
08/11/2024: 239,911 (-5,699)
11/11/2024: 238,158 (-1,753)
12/11/2024: 239,980 (+1,822)
13/11/2024: 245,489 (+5,509)
14/11/2024: 247,747 (+2,258)
15/11/2024: 253,114 (+5,367)

RHB♦️Investment Bank Bhd
Technical Analyzer
18 Nov 2024

FCPO: Eyeing To Stage a Bullish Breakout

Maintain long positions
The FCPO staged a strong rebound during Friday’s session, climbing MYR124 to close at MYR5,088 – eyeing to break past the MYR5,200 resistance. Last Friday, the commodity started off at MYR4,950. It formed an intraday low at MYR4,915 and rose to the MYR5,092 day’s high before closing at MYR5,088. The latest white candlestick shows the bulls are still in control. A strong support has established at the MYR4,800 level. In the event the positive price action follows through, the commodity may break past the MYR5,200 immediate resistance to travel towards the next resistance at MYR5,500. On the other hand, falling below the MYR4,800 support will open the door for correction. As the FCPO is trading above both the 50- and 200-day SMA lines, the bullish setup remains intact. Pending an upside breakout, we still stay on with the bullish trading bias.

We advise traders to hold on to the long positions initiated at the close of 20 Sep or MYR3,947. To manage the downside risks, the trailing-stop threshold is set at MYR4,800.

The first support is marked at MYR4,800, followed by MYR4,600. On the upside, the nearest resistance is still pegged at MYR5,200, followed by MYR5,500.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO FEB25 TREX pivot 4996. R1 5113, R2 5174, R3 5352, S1 4935, S2 4818, S3 4640.

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 8,500/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is FEBRUARY (G) 2025

Code in CQG MPOG25
Code in Ayers GTS is FCPOG5

New Margin Effective Tuesday 19/11/2024

Overnight Margin akan jadi RM 8500/lot
Intraday Margin 50% akan jadi RM 4250/lot

❗️❗️❗️TOLONG BERHATI HATI AS MARKET VERY VOLATILE DAN
JAGA MARGIN DAN STOP LOSS ANDA❗️❗️❗️



❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

Salam Jumaat dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
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Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

❗️❗️❗️TOLONG BERHATI HATI AS MARKET VERY VOLATILE DAN
JAGA MARGIN DAN STOP LOSS ANDA❗️❗️❗️



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FCPO JAN25 TREX pivot 5056. R1 5148, R2 5195, R3 5334, S1 5009, S2 4917, S3 4778.

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive

BMD Market Re-cap:
- Malaysian palm oil climbed to their highest level since June 2022 on Friday, driven by supply concerns and a surge in soybean oil prices, further fueled by projections from a major industry conference in Bali that hinted at potential production and price trends for the upcoming 2024-2025 season.
- Palm oil is facing a tightening market, which is pushing prices towards their biggest annual gain since 2019. The world's leading producer's decision to divert more supply to biofuel is anticipated to exacerbate the market's tightness.
- Despite the recent price surge, concerns persist about weakening demand from India, the world's largest vegetable oil importer, as the post-Diwali festive season draws to a close. This could potentially prompt some investors to book profits in the near term.
- According to veteran analyst Dorab Mistry, he predicts that biofuel mandates and tight supply will keep palm oil prices hovering around or above the RM5,000 ringgit per ton mark until June 2025 due to rising demand during Lunar New Year celebrations and Ramadan.

World Oil and Grains
- CBOT soybean futures soybean attained one-month and four-month peaks, respectively, on Friday. This upward trajectory was driven by the USDA’s unexpected reduction in its harvest projections for soybean crops.
- The USDA revised its estimate for U.S. soybean production downward to 4.461 billion bushels, accompanied by a projected yield of 51.7 bushels per acre.
- The USDA also reduced its projection for 2024-25 U.S. soybean ending stocks to 470 million bushels, a figure lower than both its previous October estimate of 550 million bushels and analysts' consensus of 532 million bushels.

Base and Precious Metals
- Copper futures declined on Friday as investors reacted negatively to China's announcement of less-than-expected fiscal stimulus measures aimed at reviving its sluggish economy.
- The support package unveiled by China on Friday aims to alleviate debt repayment pressures for local governments and signals the potential for additional stimulus measures to bolster its struggling economy.
- Gold futures fell sharply on Friday, recording their steepest weekly decline in over five months, driven by a strengthening U.S. dollar and as markets digested the implications of the recent election results, which raised expectations for higher U.S. interest rates.
- The U.S. central bank trimmed interest rates by 25 basis points on Thursday, signaling a cautious approach to future reductions.

Market Outlook
- Palm oil futures maintained their strong bullish momentum, opening at RM4,970 and trading between RM4,965 and RM5,104 before closing at RM5,101. The RM5,000 psychological barrier has been breached, and the market may continue its upward trajectory until a significant bearish reversal occurs. Immediate resistance is now revised to RM4,200. Despite most technical indicators signaling overbought conditions, there are no immediate signs of a price pullback.
- Palm oil is projected to open slightly higher today, supported by gains in Dalian palm oil and a positive overnight performance in U.S. soybean oil. A bullish sentiment is expected to prevail throughout the trading day.

Opening range: 5110 to 5120
Projected range of the day: 5000 to 5200

Resistance 5200 Next 5300
Support 4900 Next 4850


BMD FCPO Total Open Interest
25/10/2024: 252,233 (-7,149)
28/10/2024: 248,979 (-3,254)
29/10/2024: 250,424 (+1,445)
30/10/2024: 246,955 (-3,469)
01/11/2024: 246,507 (-448)
04/11/2024: 242,438 (-4,069)
05/11/2024: 240,020 (-2,418)
06/11/2024: 243,835 (+3,815)
07/11/2024: 245,610 (+1,775)
08/11/2024: 239,911 (-5,699)

RHB♦️Investment Bank Bhd
Technical Analyzer
11 Nov 2024

FCPO: Surging Above The MYR5,000 Level

Maintain long positions.
The FCPO managed to climb above the MYR5,000 resistance to close stronger at MYR5,101, reaffirming the bullish technical setup is in play. Last Friday, the commodity started off trading at MYR4,970. It rose to the MYR5,104 session’s high before closing at MYR5,101 – printing a fresh “higher high” bullish candlestick. After breaking past the MYR5,000 psychological threshold, the bulls are eyeing to test the MYR5,250 resistance. Although the bullish momentum is in play now, we do not discount the possibility that the commodity may resort to profit-takings. If this happens, it may find a new support at the MYR4,800 level. In a bullish setup, support tends to be strong. Since the bulls are gripping the FCPO stronger, we make no change to the positive trading bias.

Traders should stay on the long positions initiated at the close of 20 Sep (MYR3,947). To mitigate the downside risks, the trailing-stop threshold is set at MYR4,600.

The first support level is adjusted higher to MYR4,800, while the lower support remains unchanged at MYR4,600. The first resistance is revised to MYR5,250, followed by MYR5,500.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

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Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

TODAY IS FRIDAY SO NO NIGHT MARKET YA



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Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive

BMD Market Re-cap:
- Malaysian palm oil closed higher on Thursday, recovering from early losses, supported by strong performances in rival vegetable oils on the Dalian market.
- Indonesia is considering raising the palm oil content in biodiesel to 50% by 2028, according to Edi Wibowo, director of bioenergy at the Energy and Mineral Resources Ministry.
- India’s vegetable oil imports are expected to decrease to 15 million tons for the 2024-25 season due to favorable weather boosting domestic production, though October saw a 59% surge in palm oil imports as refiners replenished stocks amid high festive demand.
- The ringgit extended its downward trend against the US dollar on Thursday, although only slightly, as it was pressured by a drop in Malaysia's international reserves.


World Oil and Grains
- CBOT soybean futures gained on Thursday, supported by strong demand in vegetable oil markets, which led to spillover buying in soybeans. Technical buying also contributed to the increase as the market advanced.
- U.S. soyoil export sales for 2024-25 were reported at 114,300 metric tons for the week ending Oct. 31, significantly surpassing analysts' forecasts of 0–50,000 tons. Expectations that President-elect Donald Trump might impose tariffs on imports of used cooking oil, following his election win, added to the demand for domestic soyoil, further supporting CBOT soyoil futures.
- Analysts expect the USDA’s upcoming report to reduce the domestic ending stocks forecast for soybeans from 550 million to 532 million bushels and to slightly lower the U.S. soybean yield estimate.


Base and Precious Metals
- Copper prices bounced back on Thursday as investors reassessed the implications of Donald Trump’s U.S. election victory and anticipated further economic stimulus from China.
- Concerns remain over Trump’s potential trade tariffs on China, a top metals consumer, though Hansen highlighted that Trump previously took 11 months to implement such measures during his first term.
- Gold prices rose over 1% on Thursday, supported by a weaker U.S. dollar and the Federal Reserve’s widely anticipated rate cut of 0.25%. At the conclusion of its two-day policy meeting, the Fed reduced the benchmark overnight rate to the 4.50%-4.75% range, citing an easing job market. Lower interest rates weaken the dollar and bond yields, making non-yielding assets like gold more attractive.
- Investors are watching for cues from Powell's press conference. Michael Hewson, an independent analyst, noted that Trump’s election win could complicate future rate cuts if inflation remains elevated, potentially pushing central banks to maintain restrictive policies.


Market Outlook
- Palm oil futures experienced strong upward momentum on Thursday recovering from early losses, gaining 33 pts and ultimately settled at RM4,952. Palm oil opened at RM4, 898 and falls to intraday low of RM4,867 before surging to the high of the day at RM5, 014 which is a crucial resistance level. The RM5,000 level is likely to halt the upward movement if it cannot maintain above it and potentially triggering a deep correction.
- Palm oil futures is anticipated to open higher today, underpinned by gains in dalian and CBOT soybean oil prices. The market will attempt to break the RM5,000 level and stay above it.

Opening range: 5010 to 5020
Projected range of the day: 4950 to 5150

Resistance 5000 Next 5200
Support 4800 Next 4750

BMD FCPO Total Open Interest
23/10/2024: 257,024 (+2,568)
24/10/2024: 259,382 (+2,358)
25/10/2024: 252,233 (-7,149)
28/10/2024: 248,979 (-3,254)
29/10/2024: 250,424 (+1,445)
30/10/2024: 246,955 (-3,469)
01/11/2024: 246,507 (-448)
04/11/2024: 242,438 (-4,069)
05/11/2024: 240,020 (-2,418)
06/11/2024: 243,835 (+3,815)
07/11/2024: 245,610 (+1,775)

FCPO JAN25 TREX pivot 4944. R1 5022, R2 5091, R3 5238, S1 4875, S2 4797, S3 4650.

RHB♦️Investment Bank Bhd
Technical Analyzer
08 Nov 2024

FCPO: Set To Break Past The MYR5,000 Resistance Level

Maintain long positions
The FCPO extended its upside movement on Thursday, climbing MYR35 to close at MYR4,952. The commodity started the session at MYR4,898. After oscillating between MYR4,867 and MYR5,014, it closed at MYR4,952, printing a second consecutive “higher high” bullish candlestick. The latest positive price action reaffirmed that the bulls are still in control, and are eyeing the MYR5,000 resistance level. If the commodity closes above this resistance level, the bullish setup will be further strengthened. Meanwhile, an immediate support level should emerge at MYR4,750, offering a downside buffer should the commodity resorts to profit-taking. So far, the technical setup remains bullish, and there should be an upside breakout in the coming sessions. Premised on the prevailing bullish trend, we keep the positive trading bias.

Traders are recommended to keep the long positions initiated at the close of 20 Sep (MYR3,947). To manage the downside risks, the trailing-stop is set at MYR4,600.

The first supportlevel is adjusted higher to MYR4,750, while the lower support is marked at MYR4,600. The first resistance remains at MYR5,000, followed by MYR5,250.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

Salam Jumaat dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

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Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5



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Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive

BMD Market Re-cap:
- Malaysian palm oil concluded positive on Wednesday, buoyed by rising in competing vegetable oils and a weaker ringgit. Investors are awaiting insights from an industry conference in Indonesia commencing later this week and data from the MPOB scheduled for next week.
- Palm oil is facing a tightening market, which is pushing prices towards their biggest annual gain since 2019. The world's leading producer's decision to divert more supply to biofuel is anticipated to exacerbate the market's tightness.
- According to cargo surveyor ITS, Malaysia's palm oil exports for the first five days of November rose by 8.32% compared to the previous month, with Africa being the top destination.
- India's palm oil imports soared 59% in October, hitting a three-month high compared to the previous month. Refiners raised its purchases to refill stocks diminished by lower-than-usual imports in recent months and strong festive demand.

World Oil and Grains
- CBOT soybean futures ended higher on Wednesday, rebounding after hitting a one-week low amid worries that Donald Trump's re-election as U.S. president could trigger a renewed trade conflict with China, the top importer.
- Analysts suggested that the initial drop in soy prices was excessive, as Trump's inauguration is not until January. They argued that a potential trade dispute would not immediately impact U.S. farmers, as China would have already transitioned to purchasing South American soybeans by that time.
- The USDA is anticipated to release a report on Thursday, estimating U.S. soybean export sales for the week ending October 31, 2024, to range from 1.2 to 2.2 million metric tons for the 2024-2025 marketing year.

Base and Precious Metals
- Metals market took the brunt of global commodity price losses following Donald Trump's victory in the U.S. presidential election on Wednesday, while oil, gas, and agricultural commodity prices recovered some of their losses.
- A strengthening dollar raises the cost of U.S. grain on the world market. Moreover, Trump's proposed tariffs could disrupt U.S. agricultural trade, especially soybean exports to China, the top importer. China could retaliate by buying fewer soybeans.
- Gold futures dropped to a three-week low on Wednesday, as investors flocked to the U.S. dollar following the election of Republican Donald Trump as U.S. president.
- Market observers were also eyeing the Federal Reserve's interest rate decision on Thursday, hoping to gain more insights into the bank's loose monetary policy, which had driven gold's extraordinary rally to new all-time highs this year.

Market Outlook
- Palm oil futures reversed course from the previous day's losses, closing above RM4,900 on renewed buying interest. Prices opened at RM4,809, fluctuated between RM4,780 and RM4,924, and settled at RM4,917. The robust price action suggests that the bullish trend is likely to persist, with the next potential resistance level near RM5,000.
- Palm oil futures are poised to open higher today, boosted by a strong opening in Dalian palm oil and positive overnight performance in U.S. soybean oil. A bullish bias is expected to dominate throughout the day.

Opening range: 4810 to 4820
Projected range of the day: 4600 to 4900

Resistance 4950 Next 5000
Support 4800 Next 4750



BMD FCPO Total Open Interest
23/10/2024: 257,024 (+2,568)
24/10/2024: 259,382 (+2,358)
25/10/2024: 252,233 (-7,149)
28/10/2024: 248,979 (-3,254)
29/10/2024: 250,424 (+1,445)
30/10/2024: 246,955 (-3,469)
01/11/2024: 246,507 (-448)
04/11/2024: 242,438 (-4,069)
05/11/2024: 240,020 (-2,418)
06/11/2024: 243,835 (+3,815)

RHB♦️Investment Bank Bhd
Technical Analyzer
07 Nov 2024

FCPO: Bullish Momentum Picking Up Pace Again

Maintain long positions
The FCPO reverted back to its bullish trajectory after it gained MYR111 to close at MYR4,917. Yesterday, the commodity began trading at MYR4,809. After setting its foothold at the session’s low of MYR4,780, it rose to test the session’s high of MYR4,924 before closing at MYR4,917 – printing a fresh “higher high” bullish candlestick. The latest positive price action shows that the bulls have returned to the driver’s seat. Riding on the renewed momentum, it is eyeing a test of the MYR5,000 resistance. In the event the commodity closes above this psychological resistance, market sentiment would be further improved. Expect a follow-through price action to test the MYR5,250 level. Meanwhile, strong support should emerge at the MYR4,600 point. Until the FCPO pushes past the immediate resistance, we will keep our positive trading bias unchanged.

Traders should maintain the long positions initiated at the close of 20 Sep or MYR3,947. To mitigate the downside risks, the trailing-stop is set at the MYR4,600 level.

The first support remains at MYR4,600. Lower support is marked at the MYR4,500 point. Towards the upside, the first resistance is at MYR5,000, followed by the MYR5,250 level.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO JAN25 TREX pivot 4874. R1 4968, R2 5018, R3 5162, S1 4824, S2 4730, S3 4586.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5



❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil fell on Tuesday after a four-day rally, as traders booked profits ahead of the GAPKI conference.
- Malaysia's palm oil stockpiles are set to shrink in October, ending a three-month streak of increases. Lower production and higher exports are the main factor
- Demand for tropical oil is anticipated to diminish this month as lower temperatures cause the oil to solidify, prompting consumers to seek alternative products.
- Soybean oil is now trading at a discount of over $100 a ton to palm oil this week, a major shift from the $140 average premium seen last year.

World Oil and Grains
- CBOT soybean futures posted marginal gains on Tuesday as traders adopted a conservative approach in anticipation of the outcome of the U.S. presidential election.
- Tariffs suggested by Donald Trump, the Republican candidate and former president, are a key concern for grain traders in the election, as they could disrupt U.S. agricultural exports. Trump's first term saw a trade conflict with China.
- The USDA reported that the U.S. soybean harvest was 94% complete as of Sunday, thereby mitigating downward pressure on futures prices due to the influx of new supplies.
- The USDA is anticipated to reduce its estimates for U.S. soybean production and yield in its monthly report on Friday, according to surveys conducted analyst.

Base and Precious Metals
- Copper futures surged to a 22-day high on Tuesday, helped by a weaker dollar as traders balanced their positions ahead of the presidential election in the United States on stimulus cues from big metals buyer China.
- Dollar traders had factored in a win for former Republican President Donald Trump, whose policies on tariffs and immigration are believed to be more inflationary. Last week, the dollar index climbed to a three-month peak of 104.63.
- Gold futures inched higher on Tuesday as investors prepared for potential political uncertainty, following opinion polls indicating a tight race between Donald Trump and Kamala Harris in the U.S. presidential election, with a high likelihood of a disputed outcome.
- In other markets, investors widely expect a 0.25% rate cut from the Federal Reserve on Thursday, marking another reduction in U.S. interest rates this year following the significant cut in September.

Market Outlook
- Palm oil futures retreated yesterday as market participants engaged in profit-taking activities following the recent uptrend. The latest bearish price action indicates a potential pause in buying momentum, as the market has become technically overheated. The immediate resistance level is currently situated around RM4,900, as the price reached a high of RM4,911 before experiencing a pullback.
- Palm oil futures may open slightly higher today, buoyed by gains in U.S. soybean oil, as traders closely monitor the upcoming results of the U.S. election.

Opening range: 4810 to 4820
Projected range of the day: 4600 to 4900

Support 4800 Next 4750
Resistance 4950 Next 5000



BMD FCPO Total Open Interest
22/10/2024: 254,456 (-1,201)
23/10/2024: 257,024 (+2,568)
24/10/2024: 259,382 (+2,358)
25/10/2024: 252,233 (-7,149)
28/10/2024: 248,979 (-3,254)
29/10/2024: 250,424 (+1,445)
30/10/2024: 246,955 (-3,469)
01/11/2024: 246,507 (-448)
04/11/2024: 242,438 (-4,069)
05/11/2024: 240,020 (-2,418)

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

TODAY IS FRIDAY SO NO NIGHT MARKET YA



❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

PLS TAKE NOTE & THANK YOU

FCPO JAN25 TREX pivot 4554. R1 4658, R2 4713, R3 4872, S1 4499, S2 4395, S3 4236.

Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive

BMD Market Re-cap:
- Malaysian palm oil continued its upward trajectory for a fourth consecutive day, reaching their highest level since July 2022, driven by a tight supply outlook. This has raised concerns about food inflation in countries from India to China.
- Traders identified several factors contributing to the bullish momentum in palm oil, including weaker production, lower overall Malaysian stockpiles, geopolitical tensions, and the expectation of easing monetary policies.
- Oil prices retreated by approximately 1% in volatile trading on Thursday, following reports that the U.S. and Israel would attempt to resume negotiations for a potential ceasefire in Gaza.
- Malaysia raised the export tax on crude palm oil to 9.5% for November, the first increase in more than three years.

World Oil and Grains
- CBOT soybean futures edged lower on Thursday, as the bearish impact of ample supply outweighed the bullish influence of strong export sales and beneficial rainfall for South American crops.
- Weather analysts anticipate that recent rainfall in Argentina's prime agricultural region will continue through November, enabling normal soybean planting.
- The USDA disclosed soybean export sales for the week ending 17th October at 2,151,700 metric tons, approaching the upper limit of the projected range of 1,200,000 to 2,400,000 tons.
- The USDA also reported private sales of 198,000 metric tons of soybeans to unknown buyers.

Base and Precious Metals
- Zinc prices in London reached their highest level in over two decades on Thursday, driven by a surge in the key spread on the LME exchange. However, rising LME inventories and sluggish demand in China, the world's largest metals consumer, limited the upside gains.
- The premium for cash LME zinc over the benchmark three-month contract surged to $58 per ton on Wednesday, the highest level since September 2022. It had retreated to $25 by Thursday.
- Gold futures climbed by almost 1% on Thursday, approaching record levels, driven by safe-haven demand fueled by ongoing geopolitical concerns. Meanwhile, palladium prices surged by 9% amid concerns about potential supply sanctions on Russia, a major producer.
- Anticipation of additional monetary policy easing by central banks and gold's traditional role as a hedge against economic and political uncertainty have propelled prices up by over 32% year-to-date, reaching multiple record highs.

Market Outlook
- Palm oil encountered multiple resistance levels yesterday but managed to break above RM4,500, continuing its upward trajectory and closing near RM4,600. The price opened at RM4,478, traded within a range of RM4,451 to RM4,610, and settled at RM4,486. Strong buying pressure from buyers overwhelmed sellers during this frenzied trading activity. However, the excessive speculative buying may lead to an overbought situation, increasing the risk of a potential pullback.
- Palm oil is expected to open higher today, influenced by the increase in Dalian palm oil futures and the gains in U.S. soybean oil. The immediate resistance level has been revised upward to RM4,700, and traders should exercise caution due to the excessive buying activity, which may lead to a potential price correction.

Opening range: 4610 to 4620
Projected range of the day: 4450 to 4700

Resistance 4700 Next 4800
Support 4400 Next 4350



BMD FCPO Total Open Interest
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)
16/10/2024: 252,845 (+4,572)
17/10/2024: 263,707 (+10,862)
18/10/2024: 258,075 (-5,632)
21/10/2024: 255,657 (-2,418)
22/10/2024: 254,456 (-1,201)
23/10/2024: 257,024 (+2,568)
24/10/2024: 259,382 (+2,358)

RHB♦️Investment Bank Bhd
Technical Analyzer
25 Oct 2024

FCPO: Eyeing To Extend The Upside Movement

*Maintain long positions. The FCPO climbed MYR117 yesterday to close stronger at MYR4,603 – charting a fresh “higher high” bullish candlestick. The commodity began Thursday’s session at MYR4,478. After setting its foothold at the MYR4,451 day’s low, it rose to the MYR4,610 day’s high and closed at MYR4,603. The latest price action reaffirmed the bullish momentum is strong. The bulls are eyeing to extend the upside movement, testing the MYR4,650 immediate resistance. In the event it breaches above the immediate resistance, this will open the door for upside movement towards the next resistance at MYR4,800. Conversely, support should form at the MYR4,400 level. In the event the commodity pulls back on profit-takings, it may stage a rebound from the immediate support. In a bullish setup, support tends to be strong and resistance is weak. Since the bullish momentum is still in play, we hold on to the positive trading bias.

Traders are advised to retain the long positions initiated at the close of 20 Sep or MYR3,947. To minimise the downside risks, the trailing-stop threshold is adjusted to MYR4,400 from MYR4,150.

The first support is revised higher to MYR4,400, followed by MYR4,300. Meanwhile, the first resistance is still pegged at MYR4,650, followed by the MYR4,800 level.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

Salam Jumaat dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
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Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

BERHATI HATI TRADING DAN JAGA MARGIN DAN JUGA STOP LOSS, MARKET LEBIH VOLATILE DARI KEBIASAAN



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Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive

BMD Market Re-cap:
- Malaysian palm oil surged to their highest levels in over two years on Wednesday, driven by anticipated production declines and policy changes from major producers. It will fuel the ongoing supply concerns and reigniting worries about rising consumer food prices.
- Malaysia's revised export duty tax and Indonesia's increase in the palm-based biodiesel blend to 40% are pushing prices higher. The Malaysian government announced on Friday that it would raise the maximum export duty rate to 10% for crude palm oil priced above RM4,050 per metric ton starting 1st November.
- Smallholders are hesitant to clear aging palm trees and replant due to the lengthy time it takes for new trees to bear fruit. This has also resulted in palm oil commanding a premium price over soybean oil, a rare phenomenon.
- Middle East tensions have also increased the likelihood of supply disruptions in a region that accounts for approximately one-third of global production.

World Oil and Grains
- CBOT soybean futures rose slightly on Wednesday as U.S. Vice President Kamala Harris' lead over Republican challenger Donald Trump in certain election polls eased concerns about the potential for escalating trade tensions with China.
- A recent surge in U.S. export sales has helped buoy soybean market, rebounding from last week's sharp decline to the lowest closing levels since August. This has led to speculation that the market may have reached a bottom, although further upside is constrained by the prospect of ample supplies this season.
- The USDA confirmed private sales of 130,000 metric tons of soybeans to China and an additional 259,000 metric tons to unknown buyers, all for delivery during the 2024/25 marketing year that started on 1st September.

Base and Precious Metals
- Aluminum prices reached their highest point in nearly 20 days on Wednesday as reports of alumina shortages sparked systematic buying from funds.
- LME data revealed a significant futures position, representing more than 40% of open interest, to buy aluminum in December. Additionally, a large position, accounting for 30% to 39% of open interest, was observed to sell aluminum in January.
- Gold futures retreated by more than 1% after reaching a new peak on Wednesday, as a stronger dollar and rising U.S. Treasury yields offset safe-haven buying driven by the upcoming U.S. election and the ongoing Middle East conflict.
- The dollar index gained 0.4%, approaching a three-month peak, which reduced gold's attractiveness to holders of other currencies. Meanwhile, U.S. bond yields climbed to a three-month high.

Market Outlook
- Palm oil successfully broke through the RM4,400 resistance level yesterday, displaying a strong bullish candlestick pattern that indicates a continuation of the uptrend. The price opened at RM4,397, traded within a range of RM4,384 to RM4,514, and closed at RM4,486. The higher high formation confirms the strength of the bullish market, and the price may continue to rise, potentially reaching the next resistance level. For the time being, the price is expected to remain supported between RM4,400 and RM4,500.
- Palm oil prices are expected to open with moderate gains today, influenced by the rise in Dalian palm oil futures and the limited price movement in overnight U.S. soybean oil. The current immediate resistance level is around RM4,500. If the price can break through this level, further upside is anticipated towards RM4,600.

Opening range: 4480 to 4490
Projected range of the day: 4350 to 4550

Resistance 4400 Next 4500
Support 4200 Next 4150


BMD FCPO Total Open Interest
10/10/2024: 251,551 (+3,509)
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)
16/10/2024: 252,845 (+4,572)
17/10/2024: 263,707 (+10,862)
18/10/2024: 258,075 (-5,632)
21/10/2024: 255,657 (-2,418)
22/10/2024: 254,456 (-1,201)
23/10/2024: 257,024 (+2,568)

FCPO JAN25 TREX pivot 4461. R1 4539, R2 4591, R3 4721, S1 4409, S2 4331, S3 4201.

RHB♦️Investment Bank Bhd
Technical Analyzer
24 Oct 2024

FCPO: Bullish Momentum Gaining Pace

Maintain long positions
The FCPO experienced a strong bullish momentum yesterday, surging past the MYR4,400 resistance to close stronger at MYR4,486. The commodity began trading at MYR4,397. It then jumped to test the MYR4,514 day high before closing at MYR4,486 and printing a fresh “higher high” bullish candlestick. This latest breakout has strengthened the bullish technical setup. As mentioned in our previous note, we tend to see an upside breakout in a bullish setup. Meanwhile, we do not discount the possibility that the FCPO may resort to profit-taking. If this happens, it may pull back towards the MYR4,300 level. After the breakout, the bulls will look to test the next resistance at MYR4,650. Since the bullish momentum is now gaining pace, we make no change to the positive trading bias.

Traders should retain the long positions initiated at the close of 20 Sep or MYR3,947. To manage the downside risks, the trailing-stop threshold is placed at MYR4,150.

The first support is revised higher to MYR4,300 and followed by the abovementioned MYR4,150. On the upside, the first resistance is eyed at MYR4,650 and followed by the MYR4,800 level.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
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Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

BERHATI HATI TRADING DAN JAGA MARGIN DAN JUGA STOP LOSS, MARKET LEBIH VOLATILE DARI KEBIASAAN



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Market Review / Outlook of the day

Primary Sentiment : Positive
Immediate Trend : Positive

BMD Market Re-cap:
- Malaysian palm oil continued its upward trend for a second day, reaching their highest level since early April, supported by indications of reduced production and rising exports from Indonesia.
- SPPOMA expects palm oil production in Malaysia's southern region to decline by 6.3% in the first 20 days of this month compared to the previous month.
- Indonesia's palm oil production is projected to reach only 51 million tons in 2024, down from 54.8 million tons in 2023, due to the lingering effects of last year's El Nino, according to the Indonesian Palm Oil Association.
- Indonesia Palm Oil Association also reported the nation’s palm oil exports rose by 2.384 million tons in August, compared to 2.241 million tons in July.
- Indonesia reiterated its intention to raise the biofuel blend to 40% in January and is actively pursuing efforts to boost palm oil production to eventually achieve a palm-based biodiesel mix of 50% or B50 by 2026, which will require an additional 5.3 million tons of palm oil.

World Oil and Grains
- CBOT soybean futures rallied on Tuesday as a surge in export sales counteracted the bearish impact of a quickly progressing U.S. harvest and improved planting weather in South America.
- U.S. soybean export premiums have reached a 14-month peak as grain traders scramble to export a record-breaking U.S. harvest before the U.S. presidential election and amid concerns about escalating trade tensions with China, the world's largest soybean importer.
- The U.S. soybean harvest was 81% complete as of Sunday, the most rapid pace since 2010, according to the USDA’s weekly crop progress report released on Monday.

Base and Precious Metals
- Aluminum prices climbed to a new high on Tuesday, fueled by a record increase in the cost of alumina, a key raw material.
- A shortage of bauxite due to disruptions in Australia and Guinea, the primary source of the raw ore used to refine alumina, has tightened alumina supply. Despite higher prices, Chinese alumina consumption remains robust, prompting aluminum producers to increase output to capitalize on favorable margins.
- Gold futures reached a new historical high on Tuesday, owing to this surge included safe-haven buying amid U.S. election uncertainty and the ongoing Middle East conflict, coupled with anticipation of additional monetary stimulus.
- Geopolitical unrest continues to be the primary catalyst and the U.S. election is just two weeks away and the race neck-and-neck, significant political uncertainty is also fueling safe-haven demand for gold.

Market Outlook
- Palm oil exhibited a bullish candlestick pattern yesterday, inching closer to the RM4,400 resistance level. The price opened at RM4,301, traded within a range of RM4,290 to RM4,389, and closed at RM4,386. The hourly trend indicator displayed positive momentum, suggesting a potential upward breakout. If the price surpasses RM4,400, a continuation of the uptrend is likely, potentially leading to new highs for 2024.
- Palm oil prices are expected to open higher today, influenced by the upward trend in Dalian palm oil futures and the overnight rise in U.S. soybean oil prices. A potential breakthrough of RM4,400 could lead to further gains, with targets of RM4,450 and then RM4,500.

Opening range: 4460 to 4470
Projected range of the day: 4300 to 4500

Resistance 4400 Next 4500
Support 4200 Next 4150




BMD FCPO Total Open Interest
09/10/2024: 248,042 (-2,722)
10/10/2024: 251,551 (+3,509)
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)
16/10/2024: 252,845 (+4,572)
17/10/2024: 263,707 (+10,862)
18/10/2024: 258,075 (-5,632)
21/10/2024: 255,657 (-2,418)
22/10/2024: 254,456 (-1,201)

RHB♦️Investment Bank Bhd
Technical Analyzer
23 Oct 2024

FCPO: Poised To Extend Upside Movement
Maintain long positions

The FCPO saw strong positive price action yesterday, surging MYR87 to close at MYR4,386. The commodity started Tuesday’s session at YR4,301. After setting a foothold at the day’s low of MYR4,290, it rose to the high of MYR4,389 before the close. The latest white candlestick, coupled with the uptrending RSI, shows that bullish momentum is gaining strength. Riding on the momentum, the commodity is eyeing a bullish breakout past the MYR4,400 immediate resistance level. If it breaks past this threshold, it will climb further towards MYR4,650. Meanwhile, a strong support level remains at MYR4,150 and will provide a buffer in the event of profit-taking. As bullish momentum is in play, we keep the positive trading bias.

Traders are advised to hold on to the long positions initiated at the close of 20 Sep (MYR3,947). To manage downside risks, the trailing-stop is fixed at MYR4,150.

The first support is marked at MYR4,150, followed by MYR4,000, while the first resistance is at MYR4,400, followed by MYR4,650.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO JAN25 TREX pivot 4355. R1 4421, R2 4454 R3 4553, S1 4322, S2 4256, S3 4157.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

BERHATI HATI TRADING DAN JAGA MARGIN DAN JUGA STOP LOSS, MARKET LEBIH VOLATILE DARI KEBIASAAN



❗️❗️❗️
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Market Review / Outlook of the day

Primary Sentiment : Neutral
Immediate Trend : Neutral

BMD Market Re-cap:
- Malaysian palm oil settled marginally higher on Monday, rebounding from a two-day decline due to higher export figures and expectations of a seasonal decline in palm oil production.
- Palm oil prices also benefited from rising petroleum prices, as demand from biofuel producers is anticipated to rise.
- According to cargo surveyor ITS, Malaysia palm oil shipments rose by 8.7% in the first 20 days of October compared to the previous month. Exports to India, the top importer, saw a significant increase of approximately 50% during the same period.
- Traders closely watched the escalating tensions in the Middle East, which contributed to higher crude oil prices. Israeli Prime Minister Benjamin Netanyahu's meetings with his top advisors to discuss a potential attack on Iran further fueled concerns and supported the upward movement in oil prices.

World Oil and Grains
- CBOT soybean futures climbed higher on Monday, driven by a surge in international demand for U.S. soybeans, fueled by bargain buying activities.
- The USDA revealed on Monday morning that 380,000 metric tons of U.S. soybeans had been sold for export to undisclosed buyers.
- Total net sales of U.S. soybeans reached approximately 1.7 million tons in the week ending October 10, according to government data released on Friday. This figure surpassed both the previous week's sales volume and the year-over-year comparison.
- As of last Thursday, Brazil's soybean planting had progressed to 18% of the total expected area. This represents a jump from the previous week's 8% but remains below the 30% planting rate achieved last year.

Base and Precious Metals
- Copper futures surged to a one-week peak on Monday, buoyed by recent interest rate cuts in China, which ignited expectations of increased demand in the world's largest consumer, despite lingering concerns about the country's struggling property sector.
- China cut its rate as anticipated, the 25-basis-point reduction exceeded market consensus and followed previous cuts to other policy rates implemented last month as part of a stimulus package aimed at revitalizing the economy.
- Gold futures took a breather on Tuesday, following a record-breaking high on Monday, as the strengthening U.S. dollar and rising Treasury yields offset the support from growing uncertainties surrounding the U.S. presidential election and the Middle East war.
- Bullion, a traditional safe-haven asset, has seen a significant uptick of over 32% so far this year, breaking multiple records. The Federal Reserve's interest rate cut and increased demand for safety due to political and economic uncertainty have created a perfect storm for gold.

Market Outlook
- Palm oil prices remained relatively stable yesterday. The commodity opened at RM4,230, traded within a range of RM4,230 to RM4,313, and closed at RM4,299. The market's overall technical outlook remains unchanged as it continues to consolidate within a sideways range. The hourly stochastic oscillator is currently positioned near the oversold level.
- Palm oil prices may open slightly higher today, tracking the upward movement in Dalian palm oil futures and overnight U.S. soybean oil prices. However, the upside potential may be limited as prices approach the RM4,400 resistance level.

Opening range: 4320 to 4330
Projected range of the day: 4200 to 4400

Resistance 4400 Next 4500
Support 4200 Next 4150



BMD FCPO Total Open Interest
08/10/2024: 250,764 (+1,179)
09/10/2024: 248,042 (-2,722)
10/10/2024: 251,551 (+3,509)
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)
16/10/2024: 252,845 (+4,572)
17/10/2024: 263,707 (+10,862)
18/10/2024: 258,075 (-5,632)
21/10/2024: 255,657 (-2,418)

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

TODAY IS FRIDAY SO NO NIGHT MARKET YA



❗️❗️❗️
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Market Review / Outlook of the day

Primary Sentiment : Neutral
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil retreated on Thursday, following a gain in the previous session, pressured by a mixed performance in competing oils.
- The tropical oil market has been consolidating this week, but the downside is anticipated to be limited by robust demand and tight supply conditions.
- Oil prices held steady on Thursday, while investors monitored developments in the Middle East, the release of official U.S. oil inventory data, and details of China's stimulus plans.
- Palm oil prices have surged by nearly 15% since mid-September, driven by declining production in the major producing countries. This has resulted in a rare premium over soybean oil, reaching the highest levels since the late 1990s.

World Oil and Grains
- CBOT soybean futures tumbled on Wednesday, weighed down by favorable weather conditions in soybean-producing regions of both South America and the United States.
- Weather analyst forecasts that rainfall across Brazil and Argentina will benefit crop conditions in the next week. Simultaneously, dry weather in the U.S. Midwest and Delta will facilitate harvesting operations.
- The U.S. soybean harvest, the second-largest producer globally, typically concludes around the beginning of November. Brazil, the world's top soybean grower, is forecast to produce 166.1 million tons of soybeans in the 2024-25 marketing year.

Base and Precious Metals
- Copper futures took a nosedive to a three-week low on Thursday, pressured by funds divesting from industrial metals and allocating capital to gold to mitigate the risks associated with China's struggling economy.
- China is scheduled to release crucial economic data on Friday, encompassing third-quarter GDP growth, retail sales, and home prices.
- Gold futures reached unprecedented levels on Thursday, driven by the uncertainty surrounding the U.S. presidential elections and the Middle East conflict, which prompted investors to seek refuge in the safe-haven asset. Additionally, the easing monetary policy environment contributed to the elevated gold prices.
- Data revealed that U.S. retail sales increased slightly more than projected in September and report also indicated an unexpected decrease in unemployment the previous week.


Market Outlook
- Palm oil prices remained relatively stable yesterday, despite closing slightly lower. The commodity opened at RM4,319, traded within a range of RM4,258 to RM4,335, and settled at RM4,278. The market's indecisiveness has resulted in a consolidation phase, awaiting more significant catalysts. There has also been little change in hourly trend indicators.
- Palm oil prices are expected to open slightly higher today, mirroring the upward trend in Dalian palm oil futures and U.S. soybean oil prices. However, the upside may be limited as prices approach the RM4,400 resistance level.

Opening range: 4320 to 4330
Projected range of the day: 4200 to 4400

Resistance 4400 Next 4500
Support 4200 Next 4150



BMD FCPO Total Open Interest
04/10/2024: 251,725 (-6,326)
07/10/2024: 249,585 (-2,140)
08/10/2024: 250,764 (+1,179)
09/10/2024: 248,042 (-2,722)
10/10/2024: 251,551 (+3,509)
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)
16/10/2024: 252,845 (+4,572)
17/10/2024: 263,707 (+10,862)

RHB♦️Investment Bank Bhd
Technical Analyzer
18 Oct 2024

FCPO: Resorting To a Consolidation

Maintain long positions
The FCPO resorted to a consolidation phase after it ceded MYR33 on Thursday to close at MYR4,278. The commodity opened at MYR4,319, then tested the intraday high of MYR4,335 and intraday low of MYR4,258 before closing. The latest bearish price action indicates that the commodity is poised for a sideways movement in the sessions ahead. If selling pressure increases, the FCPO should pull back towards the MYR4,150 support. However, we expect the commodity to rebound from the MYR4,150 level as support tends to be strong in a bullish setup. On the flip side, the resistance is thin in a bullish environment. The commodity may undergo a bullish breakout again post consolidation. As long as it trades above the MYR4,150 threshold, we make no change to our positive trading bias.

Traders should remain in the long positions initiated at the close of 20 Sep or MYR3,947. To mitigate the downside risks, the trailing-stop is set at MYR4,150.

The nearest support is still marked at MYR4,150, followed by MYR4,000. Conversely, the first resistance has formed at MYR4,400. The higher resistance is pegged at the MYR4,650 level.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO JAN25 TREX pivot 4290. R1 4322, R2 4367, R3 4444, S1 4245, S2 4213, S3 4136.

Salam Jumaat dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

❗️❗️❗️
Sesiapa yg nampak ada ads(iklan) kat bwh channel saya ni, bukan recommended saya atau iklan saya, iklan ini adalah ads telegram yg auto dan sila abaikannya dan jangan Join ❗️❗️❗️

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

BERHATI HATI TRADING DAN JAGA MARGIN DAN JUGA STOP LOSS, MARKET LEBIH VOLATILE DARI KEBIASAAN



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Market Review / Outlook of the day

Primary Sentiment : Neutral
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil turned higher on Wednesday, driven by a surge in exports from Malaysia and rebound in soybean oil prices. The anticipated supply outlook for next year and near-term demand supported the tropical oil.
- The Southern Peninsular Palm Oil Miller Association estimated that palm oil production from October 1st to 15th declined by 7.6% compared to the same period in September.
- Crude oil prices held steady on Wednesday, supported by the OPEC+ production cuts and uncertainty about the next steps in the Middle East conflict. Nevertheless, the anticipated increase in supply next year weighed on price.
- The Malaysian government has set the gazetted price for crude palm oil at RM3,949.73 per ton. While the maximum export tax remains at 8%.

World Oil and Grains
- CBOT soybean futures continued to trade lower on Wednesday, weighed down by favorable weather conditions in soybean-producing regions of both South America and the United States.
- Analysts noted that forecasts for beneficial rainfall in dry crop-growing regions of South America were casting a shadow over the corn and soybean markets. However, the Buenos Aires Grains Exchange warned that Antarctic polar winds could further dry out grain fields in Argentina.
- According to the USDA, the soybean harvest has progressed to 67% completion, surpassing the five-year average of 51%.

Base and Precious Metals
- Copper futures recovered on Wednesday following a consolidation at a critical support level, buoyed by expectations that China will announce additional measures to bolster its struggling property sector.
- The market is evaluating the potential effects of China's latest initiatives on prices. A decline in interest rates coupled with a limited stimulus package in China should be enough to stabilize the market.
- Gold futures climbed to near-record levels on Wednesday, supported by the strength of non-yielding assets, a decline in U.S. bond yields, and expectations of interest rate reductions by major central banks. The prevailing geopolitical tensions also contributed to safe-haven buying of gold.
- The CME FedWatch tool indicates that traders are currently expecting a 25-basis-point interest rate cut by the Federal Reserve in November with a probability of approximately 94%.


Market Outlook
- Palm oil closed the gapped on active month switch over yesterday, maintaining steadily above RM4,300 as market transition to post rally consolidation. Price began at RM4,233 and move between RM4,226 to RM4,333 and settled at RM4,311. Hourly technical indicators reinforced the status of neutral outlook for the near future.
- Palm oil prices may open slightly higher today, tracking the upward movement in Dalian palm oil futures, while U.S. soybean oil prices remain relatively unchanged.

Opening range: 4300 to 4310
Projected range of the day: 4200 to 4400

Resistance 4400 Next 4500
Support 4200 Next 4150




BMD FCPO Total Open Interest
03/10/2024: 258,051 (-4,363)
04/10/2024: 251,725 (-6,326)
07/10/2024: 249,585 (-2,140)
08/10/2024: 250,764 (+1,179)
09/10/2024: 248,042 (-2,722)
10/10/2024: 251,551 (+3,509)
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)
16/10/2024: 252,845 (+4,572)

FCPO JAN25 TREX pivot 4291. R1 4355, R2 4398, R3 4405, S1 4248, S2 4184, S3 4077.

RHB♦️Investment Bank Bhd
Technical Analyzer
17 Oct 2024

FCPO: Bullish Setup Remains Intact

Maintain long positions.
The FCPO is eyeing to resume the upside movement after rising MYR39 to close at MYR4,311. Yesterday, the commodity opened at MYR4,233. After setting its foothold at the MYR4,226 day’s low, it jumped to the MYR4,333 day’s high and closed at MYR4,311. The latest positive price action reaffirmed the bulls are still in control. Meanwhile, the 50-day SMA line continues moving upwards, strengthening the bullish setup. As long as the index stays above the MYR4,150 support, it is likely to stage a fresh attempt to retest the MYR4,400 resistance. In a typical bullish setup, the commodity should break past the immediate resistance to resume the upside movement. Pending a fresh “higher high” price action, we hold on to the positive trading bias.

Traders should retain the long positions initiated at the close of 20 Sep or MYR3,947. To manage the downside risks, the
trailing-stop threshold is placed at MYR4,150.

The first support remains unchanged at MYR4,150, followed by MYR4,000. On the upside, the nearest resistance is still eyed at MYR4,400, followed by the MYR4,650 level.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

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Market Review / Outlook of the day

Primary Sentiment : Neutral
Immediate Trend : Positive with resistance at higher level

BMD Market Re-cap:
- Malaysian palm oil continued to decline on Tuesday, following the downward pressure stemmed from weakening rival edible oils and crude oil prices, although robust export data helped mitigate the decline.
- Cargo surveyors reported that exports of Malaysian palm oil products rose by 14% to 15.6% between October 1st and 15th compared to the same period in September.
- Crude oil plunged by over 4% to their lowest level in nearly two weeks on Tuesday, driven down by a dimmer demand outlook and following a media report indicating that Israel would not target Iranian nuclear and oil facilities, alleviating concerns about a potential supply disruption.
- The Malaysian ringgit depreciated by 0.37% against the U.S. dollar, making commodities more affordable for buyers using foreign currencies.

World Oil and Grains
- CBOT soybean futures tumbled to their lowest point in six weeks on Tuesday, weighed down by weaker external markets, including crude oil, and as rainfall alleviated dry conditions in Brazil, the leading soybean producer.
- Rainfall in Brazil, complemented by forecasts for more rain in the coming ten days, has improved soil moisture levels, allowing farmers to accelerate their planting. Dry weather had previously hampered the start of planting earlier this month.
- The USDA announced on Tuesday that private buyers have purchased 131,000 metric tons of U.S. soybeans for shipment to China in the 2024/25 marketing season.
- The USDA also reported on Tuesday that 1,575,467 metric tons of U.S. soybeans were inspected for export last week, in line with market expectations.

Base and Precious Metals
- Copper futures took a nosedive to a three-week low on Tuesday, weighed down by ambiguity surrounding the scale of stimulus measures in China, the largest consumer of metals, and geopolitical instability.
- Base metals rallied last month in response to China's announcement of a seemingly substantial economic stimulus plan. However, since then, officials have failed to provide much clarity regarding the specifics of this initiative.
- Gold futures inched upward on Tuesday, buoyed by a decline in Treasury yields, as investors cautiously anticipated additional data that could shed light on the Federal Reserve's monetary policy trajectory.
- Investors will be keenly observing the upcoming U.S. retail sales, industrial production statistics, and weekly jobless claims data due out later this week.

Market Outlook
- Palm oil prices closed lower yesterday due to weaker overall market sentiment. The commodity opened at RM4,300 and fluctuated between RM4,236 and RM4,321 before settling at RM4,272. The market appeared to be transitioning into a post-rally consolidation phase, with a trading range established between RM4,150 and RM4,400. Hourly technical indicators further supported a neutral outlook for the near future.
- Palm oil prices may open slightly higher today, mirroring the upward movement in Dalian palm oil futures and overnight U.S. soybean oil prices. Despite a positive trading outlook, the significant resistance level of RM4,400 is expected to remain intact.

Opening range: 4300 to 4310
Projected range of the day: 4200 to 4400

Resistance 4400 Next 4500
Support 4200 Next 4150



BMD FCPO Total Open Interest
02/10/2024: 262,414 (+4,791)
03/10/2024: 258,051 (-4,363)
04/10/2024: 251,725 (-6,326)
07/10/2024: 249,585 (-2,140)
08/10/2024: 250,764 (+1,179)
09/10/2024: 248,042 (-2,722)
10/10/2024: 251,551 (+3,509)
11/10/2024: 252,079 (+528)
14/10/2024: 251,084 (-995)
15/10/2024: 248,273 (-2,811)

RHB♦️Investment Bank Bhd
Technical Analyzer
16 Oct 2024

FCPO: Consolidating Sideways Beneath The MYR4,400 Resistance
Maintain long positions.

The FCPO extended the correction on Tuesday, declining MYR41 and closing lower at MYR4,272. The commodity initially started off at MYR4,300. At one point, it fell to the MYR4,236 day low. It then bounced off the intraday low and closed at MYR4,272. Despite undergoing a negative price action, the FCPO managed to close above the MYR4,150 support. As mentioned in our previous note, support tends to be strong when the technical setup is bullish. For the immediate term, the commodity may undergo consolidation and pull back lower towards the support. As long as it stays above the immediate support, it may resume the upside movement post consolidation. On the upside, the immediate resistance is eyed at MYR4,400. Breaching the latter resistance should attract fresh buying interest. For now, we retain the positive trading bias – unless the FCPO breaches the MYR4,150 support.

Traders are recommended to stay on the long positions initiated at the close of 20 Sep or MYR3,947. To minimize the downside risks, the trailing-stop threshold is fixed at MYR4,150.

The nearest support is located at the aforementioned MYR4,150 and followed by MYR4,000. Conversely, the first resistance remains unchanged at MYR4,400, followed by the MYR4,650 level.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.

FCPO JAN25 TREX pivot 4246. R1 4282, R2 4326, R3 4406, S1 4202, S2 4166, S3 4086.

Salam dan Selamat Pagi,

Semoga Allah memberi kita kesihatan yg baik, dimurahkan rezeki dan dipermudahkan segala urusan kita pada hari ini

Amiin

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This is Broadcast info for FCPO Trader

Pls be reminded on the Local FCPO Contract Expiry as below

*For Local product FCPO (palm oil)* (Local, Bursa Malaysia)

Recommend to change NEW 3rd month contract before or On *16th OCTOBER 2024* [WEDNESDAY] to  ( JANUARY 2025 CONTRACT = F CODE 2025)

Tiada masalah bagi sesiapa yg nak tukar awal cuma recommend is 16th October Onward

New Active code for CQG Platform is MPOF25 = JANUARY 2025

New Active code for GTS Ayers is FCPOF5 = JANUARY 2025


Monthly Code as below

*JAN = F*
*FEB = G*
*MAR = H*
*APR = J*
*MAY = K*
*JUNE= M*
*JULY = N*
*AUG = Q*
*SEPT = U*
*OCT= V*
*NOV = X*
*DEC = Z*


*Please also set alarm reminder on your mobile and PC*

*pls delete old contract if you don't have any position*

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Pls PM wa http://wa.me/60196695634 Remisier Ms Ima utk bantuan buka account

TQ and Happy Trading
By Abah Furqan@USJ Taipan

Salam Peringatan, Reminder Reminder

Gentle Reminder,

Sila jaga daytrade position anda...TOLONG JANGAN CLOSE DAYTRADE POSITION DI MINIT2 AKHIR YA...

Sesiapa nak overnight pastikan pastikan pastikan margin OV anda cukup ya tq

Position Petang ke Malam or ke Monday consider Overnight ya!

OV MARGIN MYR 7,000/ lot ya (after 6pm masih ada open position consider OV)

FCPO Contract ACTIVE is JANUARY (F) 2025

Code in CQG MPOF25
Code in Ayers GTS is FCPOF5

BERHATI HATI TRADING DAN JAGA MARGIN DAN JUGA STOP LOSS, MARKET LEBIH VOLATILE DARI KEBIASAAN



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PLS TAKE NOTE & THANK YOU

RHB♦️Investment Bank Bhd
Technical Analyzer
15 Oct 2024

FCPO: Upside Movement Blocked By MYR4,400 Resistance

Maintain long positions.
The FCPO once again bounced off the MYR4,400 resistance and pulled back to close at MYR4,313. The commodity initially started Monday’s session at MYR4,293 and rose to test the high of MYR4,404. It then retreated to the session’s low of MYR4,289 before closing. The latest session saw the commodity printing a bullish candlestick with a “long upper shadow”. The price action confirms that strong resistance has formed at the MYR4,400 level. However, the commodity is undergoing a consolidation now. It may retrace towards the MYR4,150 support. In a bullish setup, support tends to be strong. As long as the commodity stays above the MYR4,150 support, it may resume the upside movement and retest the MYR4,400 resistance. Pending the resumption of the uptrend, we make no change to our positive trading bias.

Traders should retain the long positions initiated at the close of 20 Sep (MYR3,947). To manage the downside risks, the trailing-stop is fixed at MYR4,150.

The first support is at MYR4,150, followed by MYR4,000. Towards the upside, the first resistance is still pegged at MYR4,400, followed by MYR4,650.

Research Disclaimers
RHB has issued this report for information purposes only. This report is intended for circulation amongst RHB and its affiliates' clients generally or such persons as may be deemed eligible by RHB to receive this report and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. This report is not intended, and should not under any circumstances be construed as, an offer or a solicitation of an offer to buy or sell the securities referred to herein or any related financial instruments. Further disclaimers details please refer to the full research report.