Monday, January 27, 2020

28 January 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to decline for the third session in a row as the whole world is shaken by the fear of the new deadly virus spreaded from China whereby Dow too tumbled near 2% yesterday due to the same reason while gold trading at its highest price since 2013.

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Plan A : Continue to hold short as long as market does not surge above 1572. Cut above 1576
Plan B : Targets are 1568, 1564 and 1561.
Plan C : Consider to long only if FKLI does not break below 1562 and rebound. Cut below 1559
Plan D :Targets are 1565.5, 1568 and 1571.5.



FCPO

FCPO plummeted during opening and dived to 2660 early 30 mins of trading. Soybean oil fell drastically overnight and Ringgit stays at RM4.08 against the greenback.

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

Plan A : Long if market supported firm above 2706. Targets are 2727 and 2752.
Plan B : Short if market failed to support above 2706. Targets are 2682 and 2756.
Plan C : Short if market rebounded but resisted around 2752. Targets are 2721 and 2699.



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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