Battle of commodity giant: Olam, Wilmar, Noble, Golden Agri

A rapidly depreciating US dollars coupled with rising inflation is a sound storyline for commodity related counters to appreciate. There are 4 of these counters that make up the STI index, namely: Olam, Wilmar, Noble and Golden-Agri. Not looking* at fundamental aspect of these counters for the moment, which one of them looks more attractive from the chart?

Rank 4: Wilmar International
Wilmar's long term moving average is sloping downwards. Downtrend is clearly insight with lower low and lower high. Trend has building momentum since last year Nov.

Rank 3: Olam International
Olam break down from its base formation in mid Feb at ~3.00. Current price is below the long term moving average and is approaching the breakdown turn resistance zone. This may signal the continuation of downtrend.

Rank 2: Golden Agri-Resource
Golden Agri fails to take out the resistance at ~0.715. Momentum is clearing stalling. Long term moving average is flattening.

Rank 1: Noble Group
Noble group last trading price is now sitting on strong support 2.10-2.15. Long term moving average is sloping upwards.

Happy profiting everyone!!
* Always check company fundamental data to back technical analysis.