Tuesday, September 17, 2019

18 September 2019 BMD

We are expanding to global markets. See next article for the trade plan.

LOCAL MARKET

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FKLI 


FKLI went choppy yesterday despite the big picture is showing a slight bearish signal. The market declined after it had a flat open yesterday and then pulled up last minute as the cash market closed higher. 

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Plan A : Attempt buying if market stays firm above 1591

Plan B : Cut below 1587
Plan C : Consider selling if the market does not breach above 1597
Plan D : Cut above 1601



FCPO

FCPO opened gap down as the Dalian started off weak with double-effect from the overnight soybean oil. Prices hover around 2250's to 2260's till mid afternoon and there is no progress of direction yet. Ringgit stays at RM4.18 against the greenback.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for September subscription. 

Plan A : Buy if market supported firm above 2260. Targets are 2274 and 2282.
Plan B : Sell if market failed to support above 2260. Targets are 2242 and 2224.
Plan C : Above 2267, no fresh position.
Plan D : Below 2253, no fresh position. 



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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