KLCI and FCPO technical update

The FKLI tested a failed down trend line by a big chunk.  So far it has rebounded quite meaningfully compared to the test, leading me to believe the market has found a temporary bottom.  Overnight markets are also helping.  Such is the life of an FKLI long trader.  It seems everyone is ready to sell overseas markets to the point they've sold too much.  When the US markets do better, the FKLI does better by a big chunk as well.

FCPO is trading in a holiday range.  I don't know what to make of it.  It's not exactly strong or weak, just muddling through.  The whole Russia issue doesn't seem to be going away.  FYI Russia buys a fair amount of palm oil, about 300 thousand tonnes a year.  I imagine palm oil is affected by the threat of capital controls to stem a severely weakened Ruble.