Wednesday, April 15, 2020

16 April 2020 BMD

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

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
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FKLI

FKLI had a strong rebound to 1391.5 yesterday with the contribution in the KLCI despite the not-so-strong regional markets. However, the market failed to sustain above 1380's and settled at 1380 at the end of the day as the IMF warned for an upcoming global recession.

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 falls below 1378. Targets are 1375, 1371 and 1367.
Plan B : Cut above 1382.
Plan C : Long if market declines but still supported above 1363.5. Targets are 1367, 1371 and 1374.
Plan D : Cut below 1359.




FCPO

FCPO opened higher this morning but dipped to 2200's the afternoon session, failing to stay above the supports. Dalian closed -38 ended 4832 while soybean oil is -0.05. Ringgit weakened against the greenback at RM4.37.

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 2219. Targets are 2237 and 2255.
Plan B : Short if market rebounded but failed to support above 2237. Targets are 2215 and 2192.




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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