FCPO and FKLI/KLCi technical update

The KLCI market is doing average in performance. It hasn't been as strong as US or Japan, but it's not incredibly weak either.  Had it been extremely weak, it probably would not have reached 1850.

I imagine it will retest 1810, the prior breakout point.  Support will be around 1800.  If news is bad, it could break down much lower, but given light economic data at the end of the year, this isn't likely.  If the market manages to stay above 1805, then I think it is bullish and will go higher for a long time, but if we come down past 1800, The market is still anyone's game.  It could go either way.

The FCPO market rebounded near the breakout point, at RM 2,200, but it is not looking so rosy.  A retest of RM 2,300 will be likely.  But we can see the breakout failed to stay above RM 2,250 and fell all the way to RM 2,200 ,which was the point I was watching for continued strength.  I imagine RM 2,300 will be tested once again in the next week or so, then try and reverse to RM 2,250, If it happens to break down below as I foresee it, watchout!

My super long term buy point on CPO will be in the RM 1,600 area, but we need something disastrous for that to happen.