Thursday, May 7, 2020

08 May 2020 BMD

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

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
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FKLI

FKLI attempted to rebound to above 1390's but failed to sustain and gradually declined to close at 1376 at the end of the day. Overall the market is trending downwards, however with the overnight Dow which rose for more than 200-points, our market may still swing in consolidation before the trend really settles down.

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

Plan A : Short if market does not breach above 1396. Targets are 1391, 1386 and 1981. Cut above 1401.
Plan B : Long if market supported firm above 1384. Targets are 1389 and 1394. Cut below 1380.




FCPO

FCPO prices slowly climb up after opening, with a rebound attempt back to 2000's mark. Dalian closed +42 ended 4378 while soybean oil +0.18. Ringgit stays 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 May subscription. 

Plan A : Long if market supported firm above 1991. Targets are 2015 and 2039.
Plan B : Short if market failed to support above 1991. Targets are 1972 and 1948.




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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