Tuesday, December 17, 2019

18 December 2019 BMD

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

LOCAL MARKET

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FKLI

FKLI showed a fierce rebounds by closing at the tip at 1580 after the market dipping down to 1563. The market would need to sustain above 1580's in order to boost more buyers to enter the market for the year end rally.

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Plan A : Continue to long if markets trades firmly above 1579. Cut below 1574.5.
Plan B : Targets are 1582, 1585 and 1588.5.
Plan C : Attempt to short if market does not breach above 1584.5. Cut above 1589.
Plan D :Targets are 1581, 1578 and 1575.


FCPO

FCPO opened lower this morning attempted to stay above 2870's but in vain. It later plummeted to 2827 early second session, initiated the correction spree. Dalian and soybean oil remain weak while Ringgit stays 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 December subscription. 

Afternoon Plan

Plan A : Short if market rebounded and resisted around 2848. Targets are 2835 and 2819.
Plan B : Long only if market supported firm above 2848. Targets are 2860 and 2873. 

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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