Wednesday, October 30, 2019

31 October 2019 BMD

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

LOCAL MARKET

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FKLI

The market seems a little confusing on the second last trading  day of October where the buying pressure and selling pressure are struggling with each other to make the market in their favour.

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

November contract:
Plan A : Attempt to buy if market supported firmly above 1581. Cut below 1577.
Plan B : Targets are 1584, 1587.5 and 1591.
Plan C : Sell if market surge but does not breach above 1598. Cut above 1603.
Plan D : Targets are 1594.5, 1591 and 1588.


FCPO

FCPO opened lower this morning later surged to 2514 the first session. Second session continue to dive back to 2470's from 2500's at opening, now waiting for breakthrough from either side. Dalian and soybean oil remain positive while Ringgit slightly strengthen at RM4.17 against the greenback.

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

Plan A : Long if market supported firm above 2486. Targets are 2502 and 2515.
Plan B : Short if market failed to support above 2486. Targets are 2471 and 2458.


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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