Monday, December 2, 2019

03 December 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI recovered from intraday slump before closing at 1570 yesterday. Market is expected to open lower today, moving in tandem with overnight Dow. Any weak open below 1565 might entice more selling pressure. A convincing breakdown below 1559.5 will likely see more panic selling today.

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Plan A : Continue to hold short if markets does not breach above 1572. Cut above 1577.
Plan B : Targets are 1565, 1559.5 and 1555.
Plan C : Attempt to long if market rebounds from 1559. Cut below 1555.
Plan D :Targets are 1565, 1570 and 1575.


FCPO

FCPO surged over second session following the strong recovery of the Dalian market. Soybean oil holding firm above the positive region while Ringgit stays at RM4.17 against the greenback.  

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

Plan A : Short if market failed to support above 2755. Targets are 2739 and 2727.
Plan B : Long if market retraced but supported firm above 2727. Targets are 2742 and 2755. 



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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