FCPO and FKLI looking at the charts

We can see FCPO has pretty definitively broken to the upside.  I'm not surprised given all the analyst's bullishness, the seasonal tendency of making a bottom in the quarter 3.  I suppose the main thesis of the current bull run is whether or not crushers have stopped crushing soybeans to soymeal.

If they have, due to lethargic demand for meats,  Then palm oil upside will be there.  If not, then watch out, palm oil could come down as fast as it comes up.  But for now, the trend is higher.

FKLI is still ranging, although it looks like a bull run the last few days.  We can't be sure its trending up as the Trade Directional Index is still recovering.  The indicator hasn't reached the midpoint yet.  But It's pretty safe to say the current downtrend is over given the upward strength.