Tuesday, April 7, 2020

08 April 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI rose more than 2% yesterday, followed with the strong recovery in KLCI and regional markets, with the contribution from the surge in the overnight Dow. However, the market failed to breakthrough the resistance at 1368 and settled at 1364.5 at the end of the day.

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Plan A : Short if market does not breach above 1363. Targets are 1359.5, 1356 and 1352.
Plan B : Cut above 1368.
Plan C : Long if market declines but still supported above 1354. Targets are 1357.5, 1361 and 1365.
Plan D : Cut below 1350.



FCPO

FCPO is rather flat today with upwards momentum, prices stabilized above 2300's all day and we could see some light for a rebound. Dalian closed +116 ended 5012 while soybean oil is slightly down. Ringgit stays at RM4.34 against the greenback. 

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

Overnight Trade
Plan A : Long if market doesn't retrace much but supported firm above 2343. Targets are 2365 and 2390.
Plan B : Short if market failed to support above 2343. Targets are 2317 and 2280.





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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