Thursday, December 5, 2019

06 December 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI seems to have stamped its foot well above 1560's and starting to form some support levels here. The signal would be clearer if the market stays firm above 1565 today.

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Plan A : Continue to hold long if markets stays above 1565. Cut below 1560.
Plan B : Targets are 1568, 1571.5 and 1574.
Plan C : Attempt to short if market falls below 1561. Cut above 1565.
Plan D :Targets are 1558, 1555 and 1551.5.



FCPO

FCPO gain tremendously since breaking the 2400's mark in Oct month,  it has recorded new recent highs since October almost every other day. Dalian closed up 2.2% at 5766 while soybean oil is lying at positive territories. Ringgit strengthen 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 December subscription. 

Plan A : Short only if market failed to support above 2839. Targets are 2825 and 2808.
Plan B : Long if market retraced but supported firm above 2814. Targets are 2830 and 2845.




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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