Monday, November 18, 2019

19 November 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI was flat for the whole day yesterday until the final hour where it tipped at 1605 and closed at 1603.5, followed with the strong rebounds in KLCI. The push was also partially benefited from the boost in the global markets where the trade deal seems to have some light in the tunnel.

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Plan A : Continue to long as long if market stands firm above 1598.5. Cut below 1595. 
Plan B : Targets are 1601, 1604 and 1607.5.
Plan C : Attempt to sell if market surge but does not breach above 1610. Cut above 1614.5.
Plan D :Targets are 1607, 1604 and 1601.


FCPO

FCPO tipped at 2635 today, not far from yesterday's high, attempted to breakthrough 2600's once again in the mid-afternoon. Dalian closed positively strong while soybean oil stood firm at positive territories. Ringgit stays 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 December subscription. 

Afternoon Plan 
Plan A : Long if market supported firm above 2609. Targets are 2622 and 2639.
Plan B : Short if market failed to support above 2609. Targets are 2595 and 2582.

  
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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