Sunday, June 14, 2020

15 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 chopped down to 1514 on last Friday as affected by the worst days of the Dow Jones Index. However, the market able to recover and settled at 1541.5 for the week with the contribution from the recovery in KLCI.

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Plan A : Short if the market does not breach above 1550. Targets are 1547, 1544 and 1540.5. Cut above 1554.

Plan B : Long if market tested and rebounds from 1542. Targets are 1545, 1548 and 1552. Cut below 1538.


FCPO

A weaker ringgit sent FCPO 0.2% higher to close at 2371 on Friday while soyoil futures and crude oil futures were slightly lower. As economy around the world opening up, demand for palm oil were seen once again, lending support to FCPO prices.

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 fais to support above 2360. Targets are 2341 and 2322.


Plan B : Long if market supported firm above 2360. Targets are 2385 and 2402. 


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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