Monday, June 8, 2020

09 June 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to edge higher before the long weekend as the buyers are all boosted with confident over the markets, local and global markets.

The market will most likely have a firm opening today as the overnight Dow closed near 500-points in greens.

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Plan A : Attempt to short only if market falls below 1558. Targets are 1554, 1551 and 1547. Cut above 1562.

Plan B : Continue to hold long as long as market stays above 1558. Targets are 1562, 1566 and 1571. Cut below 1554.



FCPO

FCPO re-visited 2400's today after a brief touch over last week. Dalian closed +154 at 5030 while soybean oil +0.06. Ringgit stays at RM4.26 against the greenback.




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

Afternoon Plan
Plan A : Long if market retraced but supported firm above 2390. Targets are 2412 and 2439.

Plan B : Short if market failed to support above 2390. Targets are 2372 and 2355.




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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