Sunday, January 14, 2024

15 Jan 2024 BMD


  LOCAL MARKET



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FKLI

The FBM KLCI (+0.29%) rebounded from two consecutive losing sessions, driven by positive sentiment from the global market.

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Plan A : Attempt short if the market stays below 1486. Targets are 1482 and 1476


Plan B : Consider long if the market stays above 1486. Targets are 1492 and 1496.


FCPO
 
FCPO rebounded and testing the resistance around 3860. Dalian traded +90 at 7324 while soybean oil traded +0.32 at 49.04 for the day. Ringgit weaken to 4.64 against the greenback.

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Plan A : Long only if market supported above 3805. Targets are 3829 and 3870.

Plan B : Short if market fail to support above 3805. Targets are 3772 and 3752.




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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