Thursday, January 30, 2020

31 January 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI yesterday hit the lowest point at 1538.5 since 2015 as the market is still affected by the outbreak of the corona-virus from Wuhan, China. WHO has declared global health emergency as the death toll in China hits 213 and confirmed cases rise to more than 9000.

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Plan A : Continue to short as long as market does not surge above 1548. Cut above 1552.
Plan B : Targets are 1544.5, 1541 and 1538.
Plan C : Consider to long only if FKLI rebounds from 1550. Cut below 1547.5.
Plan D :Targets are 1553.5, 1557 and 1561.


FCPO

FCPO plummeted this morning, attempted a rebound after a visit to 2584. Soybean oil recover slightly from yesterday's loss and Ringgit stays at RM4.08 against the greenback.

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 2617. Targets are 2636 and 2653.
Plan B : Short only if market failed to support above 2617. Targets are 2601 and 2582.
Plan C : Short if market rebounded and failed to support above 2653. Targets are 2632 and 2617.


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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