Wednesday, March 11, 2020

12 March 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI attempted a recovery on Wednesday but lost steam during the second session before settling at 1428.5. Market is expected to open gap down today after Dow confirmed a bear market after falling more than 20% from last month's record close.

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Plan A : Short if market recovers but does not breach above 1422. Targets are 1413, 1405 and 1393.
Plan B : Cut above 1427.
Plan C : Long only if market holds firm above 1416. Targets are 1422, 1426 and 1432.
Plan D : Cut below 1412.


FCPO

FCPO plummeted this morning to 2216, the prices later re-gain from the lost ground the second session, challenging the morning  high. Dalian closed -196 ended at 4712 while soybean oil -0.67. Ringgit weakened against the greenback at RM4.26.

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

Afternoon Plan 
Plan A : Long only if market supported firm above 2276. Targets are 2300 and 2332.
Plan B : Short if market failed to support above 2276. Targets are 2245 and 2215.



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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