Monday, March 16, 2020

17 March 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 plunge for more than 5% yesterday as the panic and fear from the virus outbreak continues to linger within the market. Malaysia government announced for the Movement Control last night due to the climbs in the Covid-19 cases within the country.

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Plan A : Remain short as long as market stays below 1207. Targets are 1201, 1195 and 1189.
Plan B : Cut above 1214.
Plan C : Long only if market tested and rebounds from 1207. Targets are 1211, 1215 and 1219.
Plan D : Cut below 1202.


FCPO

FCPO opened gap-down this morning later rebounded back to 2309 the second session. The market has been hovering around 2300's to 2100's since last week and it's yet to see any breakthrough after the big dip. Dalian closed +74 at 4708 while soybean oil re-gained from the lost ground to +70. Ringgit remain weak at RM4.33 against the greenback.

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

Plan A : Long only if market supported firm above 2294. Targets are 2327 and 2360.
Plan B : Short if market failed to support above 2294. Targets are 2260 and 2235.




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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