Monday, January 6, 2020

07 January 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI fell below 1600's as the Middle East tension worsen due to the death of the key Iranian commander in the airstrike. In fact, this issue stirred a turmoil in the global markets as well.

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Plan A : Attempt to long if markets rebounds from 1601. Cut below 1597.
Plan B : Targets are 1604.5, 1608 and 1612.
Plan C : Attempt to short if market recovers but does not breach above 1607. Cut above 1610.
Plan D :Targets are 1604, 1601 and 1598.



FCPO


FCPO erased the losses made in the morning and tip-off at 3085 early second session. Dalian closed slightly positive and soybean oil stays firm at positive territories. Ringgit remain strong at RM4.09 against the greenback.

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Plan A : Short if market failed to support above 3065. Targets are 3049 and 3035.
Plan B : Long if market supported firm above 3065. Targets are 3078 and 3095.




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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