Monday, October 14, 2019

15 October 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI stayed firm above 1560's yesterday despite it was traded within only 5 points for the full session. The trade talk between President Trump and President Xi boosted the world economy as their progress is going better than expected, and the trade deal is assumed to be going on without much turmoil.


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Plan A : Attempt to long if market rebounds from 1558
Plan B : Cut below 1555
Plan C : Consider to short if market stays below 1568
Plan D : Cut above 1572



FCPO
FCPO flattened almost for the whole day on Tuesday. Dalian closed negative and soybean oil remain weak. Ringgit stays at RM4.19 against the greenback.


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Plan A : Buy only if market supported firm above 2155. Targets are 2167 and 2180.
Plan B : Sell if market rebounded but failed to support above 2155. Targets are 2143 and 2130.

  

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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