Wednesday, March 18, 2020

19 March 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI had a quick dive to 1212.5 in the second session when US markets hit limit down on their indices as the virus outbreak continues to spread fast worldwide. The market is indeed showing bearish signal, however investors are advised to keep an eye on the market movement as it could be choppy despite it is heading down.

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

Plan A : Continue to short if market recovers but does not breach above 1253. Targets are 1249.5, 1245 and 1241.
Plan B : Cut above 1258.
Plan C : Long only if market rebounds firmly from 1244. Targets are 1247.5, 1251 and 1255.
Plan D : Cut below 1240.



FCPO


FCPO once again re-visited the recent low at 2186 today before a surged to 2271. However, the seller remain strong, depressing the market prices back to 2200's mid-afternoon session. Dalian closed -100 ended at 4670 while soybean oil is +0.31, trading at 25.35. Ringgit continue to nail down to RM4.40 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. 

Afternoon Plan 
Plan A : Long only if market supported firm above 2228. Targets are 2255, 2286 and 2312.
Plan B : Short if market rebounded but failed to support above 2255. Targets are 2220 and 2192.  





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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