Thursday, November 14, 2019

15 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 break above 1600's as it tipped at 1599.5 yesterday and traded within 5 points of range for the full session. The market was affected by the worsen situation in Hong Kong where the protest gets worsen days by days., which also affected the global markets.

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Plan A : Attempt to long as long if market stands firm above 1595.5. Cut below 1591.
Plan B : Targets are 1598, 1601 and 1604.
Plan C : Continue to hold sell if market does not breach above 1601. Cut above 1605.
Plan D : Targets are 1598, 1595, 1592.


FCPO

FCPO opened lower this morning and hovers around 2580's for quite some time before a dive down to 2558 the second session. Dalian closed -28 points to end at 5372 while the soybean oil -0.06 cents. Ringgit weakened against the greenback at RM4.15. 

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 : Short if market doesn't rebound much and failed to support above 2558. Targets are 2545 and 2530.

Plan B : Long only if market supported firm above 2570. Targets are 2584 and 2595.
Plan C : Short if market rebounded and resisted around 2570. Targets are 2558 and 2545.  


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 prospectivinvestor 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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