Monday, March 30, 2020

31 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 firm close yesterday at 1327.5 after it was supported above the support levels for the whole session. Buyers were still strong in the market despite FKLI once broke below 1300's.

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April Contract:
Plan A : Short only if market falls below 1322.5. Targets are 1317.5, 1314 and 1310
Plan B : Cut above 1326.
Plan C : Attempt to long if market stays firm above 1315.5. Targets are 1318.5, 1322 and 1325.5.
Plan D : Cut below 1311.




FCPO

FCPO dived after opening, breaking the supports and slipped back down below 2400's mark. Dalian closed -58 while soybean oil is slightly positive. Ringgit strengthen against the greenback at RM4.30.

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

Afternoon Plan
Plan A : Long if market supported firm above 2395. Targets are 2428 and 2465.
Plan B : Short only if market doesn't rebound much and failed to support above 2395. Targets are 2369 and 2335.




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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