Monday, February 10, 2020

11 February 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI gradually declining throughout the whole session yesterday except a last minute pulled out to close at 1544 followed with the slight recovery in KLCI. Market could have trading in sideways for the time being, hence traders are advised to be cautious over the market movement.

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Plan A : Attempt to short if market does not breach above 1555. Cut above 1558.5.
Plan B : Targets are 1551.5, 1547 and 1544.
Plan C : Consider to long if market rebounds from 1542.5. Cut below 1538.
Plan D :Targets are 1546, 1550 and 1554.5.



FCPO

FCPO rebounded early morning later plummeted to 2694 the second session. Dalian closed -148 points while soybean oil remain insignificant. 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 February subscription. 

Plan A : Long if market supported firm above 2722. Targets are 2739 and 2755.
Plan B : Short if market rebounded but failed to support  above 2722. Targets are 2705 and 2686.


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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