Wednesday, November 6, 2019

07 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI had been trading in flat for the third day in a row this week after it has stamped its feet well above 1600's. However, the market seems lack of further buying pressure to boost the market to break above previous high which was tipped at 1610 in August this year.

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Plan A : Attempt to long if market sustain well above 1602. Cut below 1598.
Plan B : Targets are 1605, 1607.5 and 1610.
Plan C : Sell if market does not breach above 1610. Cut above 1615.
Plan D : Targets are 1606.5, 1602 and 1598.


FCPO

FCPO surged higher today to 2575 and quickly dive down till the second session following the turn around from the Dalian and soybean oil. Ringgit remain at RM4.13 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 only if market supported firm above 2533. Targets are 2545 and 2557.
Plan B : Short if market rebounded but failed to support above 2533. Targets are 2519 and 2500. 



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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