Wednesday, April 8, 2020

09 April 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI traded within 10-points yesterday, between 1346.5 to 1356.5 for the whole session. The market signal is slightly mixed despite the overall big trend is still bearish. However, there could be some technical rebounds for the time being.

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Plan A : Short if market does not breach above 1368. Targets are 1364.5, 1361 and 1358.
Plan B : Cut above 1371.
Plan C : Long if market supported above 1359.5. Targets are 1362, 1365 and 1368.
Plan D : Cut below 1356.



FCPO

FCPO flattened after a surge at opening, prices attempted to stay above 2400's, however, selling pressure came in mid-afternoon, looking for a correction. Dalian closed +104 ended 5086 while soybean oil +0.45. Ringgit stays at RM4.33 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. 

Plan A : Long if market supported firm above 2383. Targets are 2410 and 2435.
Plan B : Short if market failed to support above 2383. Targets are 2358 and 2330.






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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