Tuesday, August 27, 2019

28 August 2019 BMD

We are expanding to global markets. See next article for the trade plan.

LOCAL MARKET

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FKLI 

FKLI tumbled during the final hour of trading yesterday, settled at near day's low level. Market is expected recover slightly today but selling pressure likely going to persist unless there's any inflow of positive news. Otherwise, selling on rebound would be the right strategy for today's trading.

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Plan A : Attempt selling if market rebound but fails to breach and hold firm above 1589.
Plan B : Cut above 1593
Plan C : Consider buying only if market test support at 1580-level and rebound
Plan D : Cut below 1576


FCPO

FCPO reversed the loss made this morning and closed 2249 the first session. Dalian and soybean oil are rather weak today while Ringgit stays firm above RM4.20 against the greenback.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Afternoon Plan 

Plan A : Sell if market failed to support above 2248. Targets are 2231 and 2204.
Plan B : Buy if market supported firm above 2248. Targets are 2258 and 2269.
Plan C : Above 2254, no fresh position.
Plan D : Below 2242, no fresh position.   




Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

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