Thursday, June 11, 2020

12 June 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 tipped at 1586 but the market declined near 2% as the selling pressure greatly pushed down the market with the contribution from the global markets.

Today, the market may open lower as the overnight Dow plunged near 7% or more than 1800-points as the fear over second wave of virus rose among the investors.

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

Plan A : Continue to hold short as long as the market does not breach above 1535. Targets are 1531, 1527 and 1522. Cut above 1539.

Plan B : Long if market tested and rebounds from 1514. Targets are 1517, 1521 and 1525. Cut below 1510.




FCPO

FCPO gap-down this morning to 2316 but the prices rebounded throughout the first session. Dalian closed -66 ended 4920 while soybean oil -0.10. Ringgit stays at RM4.25 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.

Plan A : Short if market failed to support above 2339. Targets are 2315 and 2289.

Plan B : Long if market supported firm above 2339. Targets are 2361 and 2385. 




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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