Monday, September 16, 2019

17 September 2019 BMD

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

LOCAL MARKET

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FKLI 


FKLI still failed to break above 1600's on last Friday as it had a quick dive upon cash market opening. The market then stayed between the range of 1588-1597 for the whole day. The market is expected to open a little lower today as the overnight Dow was closed lower near 150-points.

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Plan A : Hold buy if the market stays above 1592
Plan B : Cut below 1588
Plan C : Consider selling if the market still does not breach above 1600
Plan D : Cut above 1604



FCPO

FCPO opened gap-up this morning on the switch month due to the surge in the crude oil over the past two days. Dalian closed up 128 points and soybean oil remain slightly up. Ringgit stays at RM4.17 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. 

Plan A : Sell if market failed to support above 2284. Targets are 2268 and 2250.
Plan B : Buy only if market retraced but supported firm above 2262. Targets are 2280 and 2298.
Plan C : Above 2284, no fresh position.
Plan D : Below 2262, 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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