Tuesday, June 13, 2023

14 Jun 2023 BMD

 LOCAL MARKET


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FKLI

FBM KLCI lost 6.16 points or 0.44% to 1380.61 points after retracing Monday’s gains. Following the recent rebound, the FBM KLCI could consolidate above its support of 1372 points.

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Plan A : Consider long if the market stays above 1382. Targets are 1389 and 1398.

Plan B : Attempt short if the market stays below 1382. Targets are 1376 and 1374



FCPO
 
FCPO broke the resistance around 3460' and still surging up. Dalian trade +210 at 6774 while soybean oil traded -0.08 at 55.35. Ringgit weaken to 4.62 against the greenback.
 

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Plan A : Long only if market supported above 3464. Targets are 3498 and 3520.

Plan B : Short if market fail to support above 3464. Targets are 3443  and 3418.




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, mining.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
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