Sunday, May 31, 2020

01 June 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI climbed to settle at the monthly's peak on the last trading day of May, with the contribution in the strong recovery in KLCI. However, there was some last minute pull back in June contract where the market dropped near 20-points prior to closing.

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Plan A : Attempt to short if market opens below 1456. Targets are 1452, 1448 and 1444. Cut above 1461.

Plan B : Long if market tested and rebounds from 1445. Targets are 1449, 1452 and 1456. Cut below 1440.



FCPO


FCPO continue to walk up North after taking a breather the previous days. Dalian closed +90 ended 4830 while soybean oil +0.35. Ringgit strengthen against the greenback at RM4.31.

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

Plan A : Long if market supported firm above 2342. Targets are 2365 and 2389.

Plan B : Short if market failed to support above 2342. Targets are 2321 and 2298.





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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