Tuesday, May 12, 2020

13 May 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI attempted to rebound but it failed to holds above 1380's and closed at 1378.5 at the end of the session due to KLCI closed negative at their last bids. The market is indeed weak in the overall big picture, with the contribution from the shaky global economy.

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Plan A : Short if market trades below 1379. Targets are 1375, 1371 and 1366. Cut above 1384.

Plan B : Long if market tested and rebounds from 1365. Targets are 1370 and 1375. Cut below 1361.



FCPO

FCPO opened lower this morning slowly climbed back up to 2000 mark the second session, tipping at 2035. Dalian closed +34 ended 4398 while soybean oil +0.12. 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 doesn't retrace much and supported firm above 2034. Targets are 2055 and 2079.


Plan B :
Short if market failed to support above 2034. Targets are 2011 and 1989.


Plan C : Long if market retraced but supported firm above 2011. Targets are 2042 and 2068.




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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