FCPO and FKLI/KLCI technical update

Lets take a look at the technical picture for the KLCI.  We have actually entered into a downtrend, but it remains to be seen whether the downtrend will materialize due to the strong support areas the trend is materializing into.  I still imagine the market is ranged at this point. between 1800 and 1850.

The FCPO market is still in a slightly bullish mode, but faces a lot of headwinds as staying above RM 2,250 seems to be difficult.  This was the prior breakout point that failed.  But at this point, there doesn't seem to be any particular direction.