Thursday, January 23, 2020

24 January 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to perform badly yesterday, lacking in strength for any recovery and closes near day's low level. Market is expected to be lackluster today amid half day trading session today ahead of the long CNY holiday.

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Plan A : Attempt short if market try to rebound but fails to breach above 1581.5. Cut above 1586
Plan B : Targets are 1575, 1571 and 1567.
Plan C : Consider to long only if FKLI manage to hold firm above 1577 and rebound. Cut below 1574
Plan D :Targets a
re 1580, 1585 and 1589.



FCPO

FCPO dived at opening staying back down below 2900's mark. Dalian is closed today while soybean oil stay insignificant despite a drop overnight. Ringgit trade at RM4.06 against the greenback. 

Be reminded that Bursa is trading half day today.

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

Plan A : Long if market supported firm above 2891. Targets are 2902 and 2915.
Plan B : Short only if market failed to support above 2891. Targets are 2978 and 2965.




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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