Sunday, May 17, 2020

18 May 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI sustained well above 1390's on last Friday by closing at 1400 for the week, with the boost from Dow and regional markets to our markets. 

Today the market have higher chance to climb further above 1400's with the firm Dow. However, buyers are advised to be cautious with profit-taking if the market fails to break above 1420's.


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 recovers but fails to breach above 1419. Targets are 1415, 1411 and 1406. Cut above 1424.

Plan B : Long if market rebounds from 1401. Targets are 1405, 1408.5 and 1413. Cut below 1396.


FCPO

FCPO continued its upwards bias, settling at 2080-level last Friday. Market is expected to remain firm as long as it trades resiliently above 2063. Any slight retracement could present an opportunity to long.

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 2087. Targets are 2102 and 2125.

Plan B : Short if market failed to support above 2087. Targets are 2070 and 2045.


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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