FBMKLCI/FKLI and FCPO technical outlook

The FBMKLCI is the talk of town so far.  The index is reaching highs not seen this year and approaching last year's highs, but actually there is a problem.  If one sees the recent highs made, we can notice the momentum is not as strong as in March.  But so far the trend is still up and the sellers have not come in yet.

FCPO is in a somewhat slow moving downtrend, with oscillators somewhat negative still but it is still possible for buyers to move the market higher in the next few months as large supplies of palm oil have not yet come online just yet.  Momentum shows ranged trade for the last few days.  I envision Palm oil having rangy trading sessions for the next few months.