Thursday, October 24, 2019

25 October 2019 BMD

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

LOCAL MARKET

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FKLI

The market continued to trade within range of 1568-1578 for the third day consecutively, seems like the market is preparing into another stage of consolidation.

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Plan A : Attempt to buy when market does not break below 1568. Cut below 1564.
Plan B : Targets are 1571, 1574 and 1577.5.
Plan C : Sell if market does not breach above 1574.5. Cut above 1578.
Plan D : Targets are 1571.5, 1568 and 1565.5.


FCPO

FCPO swing wild today with high of 2460, dived the second session to 2377. This run has not seen for quite some time in years but looks like market is setting for a new chapter after breaking through year high of 2344 yesterday. Dalian closed positively strong while soybean oil is lying slightly negative. Ringgit remain 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 November subscription. 

Plan A : Long if market supported firm above 2390. Targets are 2403 and 2421.
Plan B : Short if market rebounded but resisted around 2413. Targets are 2399 and 2383.
Plan C : Short only if market doesn't rebound much and failed to support above 2390. Targets are 2377 and 2365.

 



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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