Thursday, October 17, 2019

17 October 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI flattened around 1570's on Thursday and waiting to breakthrough for an upside after touching the 1547.5 low the past week.


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Plan A : Sell if market failed to support above 1575.0. Targets are 1571.5 and 1567.5.
Plan B : Buy if market retraced but supported above 1568.0. Targets are 1572.0 and 1576.5. 


FCPO

FCPO surged higher the second day after the switch month. Dalian closed slightly positive and soybean oil is lying at positive territories. Ringgit continue to hover around RM4.18 against the greenback.

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

Plan A : Sell if market rebounded and resisted around 2261. Targets are 2248 and 2235.
Plan B : Buy only if market supported firm above 2261. Targets are 2275 and 2289.



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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