Sunday, September 29, 2019

30 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 below 1590's on last Friday as the market failed to rebound and gradually declining in the second session and had a weak close at 1581. The window dressing effect is going to take over the market today as it is switching the contract month, hence we shall see if the market continues to trade below the resistance levels.

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October Contract:
Plan A : Continue to short if market does not breach above 1588
Plan B : Cut above 1592
Plan C : Attempt buying only if market rebounds from 1582
Plan D : Cut below 1578


FCPO

FCPO remain weak first session later dived to 2120 as Dalian's prices depressed further over the lunch break. Soybean oil is slightly negative while Ringgit stays at RM4.18 against the greenback.

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

Afternoon Plan
Plan A : Buy only if market supported firm above 2128. Targets are 2145 and 2162.
Plan B : Sell if market rebounded but resisted around 2146. Targets are 2131 and 2119.
Plan C : Sell only if market can't rebound much and failed to support above 2128. Targets are 2112 and 2098.



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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