Tuesday, March 24, 2020

25 March 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI stranded around 1280's in the first session and had a fierce rebounds to above 1300's in the second session yesterday despite it then declined to close at 1282.5. However, with the stimulus package draws near in the U.S., Dow surged for more than 11% yesterday to above 20000 reading.

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Plan A : Attempt to short if market surge but does not breach above 1341.5. Targets are 1338.5, 1335 and 1330.5.
Plan B : Cut above 1345.
Plan C : Long only if market rebounds firmly from 1308. Targets are 1311.5, 1315 and 1319.5.
Plan D : Cut below 1305.



FCPO

FCPO opened lower today but prices escalated the second half to 2429, implying an breakthrough for an upside after a long consolidation. Dalian closed +210 ended 4912 while soybean oil rise +0.40. Ringgit stays at RM4.39 against the greenback.

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

Plan A : Short if market failed to support above 2386. Targets are 2371 and 2346.
Plan B : Long if market supported firm above 2386. Targets are 2421 and 2446.




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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