Sunday, March 29, 2020

30 March 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI opened higher with a 23-points gap on last Friday as followed with the best-run in Dow, however the market was unable to hold above the momentum and gradually declined to close at 1326 at the end of the week.

The FKLI is showing a mixed signal at this moment as both buyers and sellers are struggling in bringing the market into their favors, however all got to be reminded that the global economy is already shaky as the virus outbreak is getting more serious and serious in the whole world.

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

Plan A : Short if market does not breach above 1322. Targets are 1319.5, 1316 and 1312.
Plan B : Cut above 1326.
Plan C : Long if market rebounds from 1334. Targets are 1338, 1341.5 and 1345.
Plan D : Cut below 1330.



FCPO

FCPO escalated this morning and stabilized above 2400's for the first time after the previous attempt to 2429. Dalian closed +162 ended 4990 while soybean oil +0.20. Ringgit stays weak against the greenback at RM4.33.

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

Plan A : Long if market supported firm above 2452. Targets are 2475 and 2499.
Plan B : Short if market failed to support above 2452. Targets are 2430 and 2405.




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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