As the Maybank ex-dividend today, the FBM KLCI or the cash market for FKLI was actually dragged lower about 5 index points if all the 30 component stocks in the FBM KLCI was unchanged at the opening with the ex price of Maybank at 9.16 from the closing price 9.49 yesterday.
Think about it, if you are FKLI trader, why the FKLI opened up nearly 8 index points knowing the cash market would down 5 index points?? Manipulation? Portfolio readjustment?...or, the "surveillance" was sleeping?
The indicator Y long 1850.5 on FKLI will have to cut loss turn sell if the index futures is last traded 1844 or lower at 4pm today without taking into consideration on any unforeseen circumstances.
The indicator Y short 2158 on FCPO is continuing its quest for riding on a right trend! Enjoy the fear and greed!
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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