Monday, November 4, 2019

05 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI stood firmly above 1600's after the global market was boosted with the good news from the trade deal between President Trump and President Xi. The market has more room to grow to the upside as long as it sustains well above 1600's.

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Plan A : Continue to hold long as long as market stays above 1602.5. Cut below 1597.
Plan B : Targets are 1606, 1610.5 and 1614.
Plan C : Sell if market falls below 1602.5. Cut above 1606.
Plan D : Targets are 1598, 1594.5 and 1591.


FCPO

FCPO once again surge up to 2594 at opening hour, later depressed by the seller to 2539 over the second session. Dalian performed strong today, hitting the upper limit. Soybean oil is lying at negative territories at the moment while Ringgit strengthen against the greenback at RM4.13

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

Plan A : Short if market failed to support above 2557. Targets are 2542 and 2528.
Plan B : Long only if market supported firm above 2557. Targets are 2570 and 2583. 


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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