Sunday, October 20, 2019

21 October 2019 BMD

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

LOCAL MARKET

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FKLI


The FKLI tipped at 1578.5 and gradually declining until it had a weak close at 1568.5 on last Friday, likely showing the buying pressure has come to an end and whereby the selling pressure starts to kick in. 


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Plan A : Continue to hold sell if market stays below 1573.5. Cut above 1578.
Plan B : Targets are 1568, 1564 and 1560.
Plan C : Buy if market does not fall below 1566. Cut below 1562.5.
Plan D : Targets are 1570.5 and 1574. 



FCPO

FCPO surged last Friday after it stood firm above 2260's. Today it extended its gain to 2300's during the second session. Dalian closed positive and soybean oil is lying at positive net change. 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 November subscription. 

Afternoon Plan
Plan A : Sell if market failed to support firm above 2301. Targets are 2285 and 2276.
Plan B : Buy if market retraced but supported firm above 2285. Targets are 2301 and 2315.




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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