Thursday, September 19, 2019

20 September 2019 BMD

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

LOCAL MARKET

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FKLI 


FKLI still traded within tight range but with a little hint of bearish signal shown yesterday. Traders are being conservative at this moment as all are unsure of the market direction.

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Plan A : Continue to hold short as long as market stays below 1591
Plan B : Cut above 1595
Plan C : Attempt buying only if market rebounds from 1582
Plan D : Cut below 1578



FCPO

FCPO opened lower this morning later gap-down at second session due to the weaker Dalian and soybean oil while Ringgit slightly strengthen against the greenback at RM4.17.


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 only if market supported firm above 2213. Targets are 2229 and 2241.
Plan B : Sell if market rebounded but resisted around 2241. Targets are 2226 and 2205.

Plan C : Above 2241, no fresh position.
Plan D : Below 2213, 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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