11 May 2021 BMD

                                       LOCAL MARKET

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FKLI

FKLI fell 6.5-points on Monday as market sentiment turned weak on heightened concern over the COVID-19 situation in the country after Health Minister said Malaysia COVID-19 cases may rise above 7,000.

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Plan A : Remain sell as long as market stays trading below 1590. Targets are 1577 and 1571.5.

Plan B : Consider long only if market able to hold firm above 1577 and rebound. Targets are 1583 and 1590.

FCPO

FCPO re-visited the previous high at 4434 before tumbling back down to 4340's again. Dalian closed -14 at 7998 while soybean oil traded -0.64 at 63.20. Ringgit stays at RM4.11 against the greenback. 

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Plan A : Short if market failed to support above 4329. Targets are 4308 and 4286.

Plan B : Long if market supported firm above 4329. Targets are 4350 and 4371.

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 correction, 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.