Thursday, January 2, 2020

03 January 2020 BMD

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

LOCAL MARKET

Our trade results are posted in our FB page on daily basis. Click link below to access:-
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FKLI

FKLI had a great recovery on the first trading day in 2020 after a great dump on Tuesday. The market recovered and supported well above the support levels and had a firm close at 1609.

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Plan A : Continue to hold long as long as markets stays above 1607.5. Cut below 1604.
Plan B : Targets are 1611, 1614 and 1618.
Plan C : Attempt to short if market falls below 1606. Cut above 1609.
Plan D :Targets are 1603, 1600.5 and 1598.



FCPO

FCPO opened higher this morning to 3149 later plummeted, bringing the prices back to 3069 in the second session. Dalian and soybean oil are negative while Ringgit stays strong at RM4.09 against the greenback.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for January subscription. 

Plan A : Long only if market supported firm above 3080. Targets are 3095 and 3109.
Plan B : Short if market rebounded but failed to support above 3080. Targets are 3065 and 3052.


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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