Thursday, October 17, 2019

18 October 2019 BMD

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

LOCAL MARKET

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FKLI

Market continued its slow upward surge yesterday while investors staying cautious ahead of U.S. corporate earnings. Market is expected to be slow today amid lack of fresh leads from the overnight markets.


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Plan A : Sell if market fails to breach above 1577.5. Targets are 1571.5 and 1567.5.
Plan B : Buy if market retraces but supported above 1574.0. Targets are 1577.5 and 1583. 


FCPO


FCPO flattened once again today within the same range as yesterday. Dalian and soybean oil are mixed while Ringgit stays firm at 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 failed to support above 2261. Targets are 2247 and 2234. 
Plan B : Buy if market supported firm above 2261. Targets are 2274 and 2287.



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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