Wednesday, September 18, 2019

19 September 2019 BMD

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

LOCAL MARKET

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FKLI 


FKLI traded within very tight range yesterday, moved within 4.5-points only for the full day from 1594.5 to 1590 and closed at 1592. The market is actually awaiting for a trigger point which is to wait for the Fed to make the decision on whether to cut the rate for the second time or no.

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Plan A : Attempt buying if market stays firm above 1590
Plan B : Cut below 1586
Plan C : Consider selling if the market does not breach above 1596
Plan D : Cut above 1601


FCPO

FCPO dived second session due to the weak Dalian and soybean oil over the lunch break while Ringgit weakened against the greenback at RM4.19. Market is on downside momentum at the moment without much rebound after second session opening.

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 rebounded but resisted around 2254. Targets are 2238 and 2224.
Plan B : Buy only if market retraced then supported firm above 2242. Targets are 2256 and 2267.
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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