Thursday, June 6, 2019

07 June 2019

Announcement!!!
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Gold

Gold rose on Thursday, drawing closer to its highest level this year on increased expectations of a U.S. rate cut, even as some investors locked in profits from bullion’s recent rally.

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Plan A : Continue holding buy as long as gold price stays above 1326.8
Plan B : Take profit if fails to hold firm above 1325.1
Plan C : Consider selling if gold price fails to breach above 1336
Plan D : Cut above 1340



FKLI

FKLI continued to surge before the market closing two days for Hari Raya by tipping at 1653. The uptrend continues to carry on and hopefully to breach above the resistance level at 1654 as the Dow Jones rallied over the last two days.

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Plan A : Attempt to sell if market does not breach above 1654
Plan B : Cut above 1659
Plan C : Consider buying only if FKLI stands firm above 1644
Plan D : Cut below 1640


FCPO

FCPO opened higher on the eve of Hari Raya and stamping its foot firm above the supports level despite it was only traded for the morning session. Dalian is off today while soybean oil stays firm while Ringgit strengthen against the greenbacks at RM 4.158.



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Plan A : Buy if market supported firm above 2052. Targets are 2063 and 2080.
Plan B : Sell if market failed to surge above 2071. Targets are 2062 and 2053.
Plan C : Above 2082, no fresh position.
Plan D : Below 2046, no fresh position. 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters 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.

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