Tuesday, December 3, 2019

04 December 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI failed to sustain above 1560's and once dived to the low of these three years at 1545.5, despite it then climbed back to close at 1560. The market trend is getting weaker now and any possible rebounds could be a sell signal.

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Plan A : Continue to hold short if markets does not breach above 1561. Cut above 1565.
Plan B : Targets are 1557.5, 1554 and 1551.
Plan C : Attempt to long ONLY if market tested and rebounds from 1547.5. Cut below 1544.
Plan D :Targets are 1551, 1554 and 1557.

FCPO

FCPO gap up during the afternoon open yesterday and never really look back thereafter despite some minor profit taking during the final minutes. Market look likely to extend its bullish trend with bean and dalian reacting positively thus far today.

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 surges but fails to breach above 2782. Targets are 2760 and 2748.

Plan B : Long if market retraces after higher opening but supported firmly above 2760. Targets are 2782 and 2800. 

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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