Sunday, November 3, 2019

04 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI failed to close higher last Friday after failing to breach above the 1596-level. Profit taking activities were seen but market still successfully closed above 1590-level. With Friday's Dow settled, gaining more than 300-points, FKLI is expected to open with a bang today. Any firm close above 1596 today would trigger a mini rally in the making.

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Plan A : Attempt to buy if market supports firmly above 1596. Cut below 1592
Plan B : Targets are 1602, 1607 and 1611.
Plan C : Sell if market fails to stay above 1596. Cut above 1603
Plan D : Targets are 1591, 1587 and 1584.



FCPO

FCPO surged to 2526 second session following strong rebound from Dalian. Soybean oil continue to lie at positive territories while Ringgit stays strong at RM4.15 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 : Buy if market retraced but supported firm above 2502. Targets are 2519 and 2534.
Plan B : Sell only if market failed to support above 2502. Targets are 2490 and 2478.



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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