Monday, May 18, 2020

19 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 firmly above 1400's yesterday by tipping at 1415 before it then declined a little to close at 1410 for the day. Today it could have a higher opening as the overnight Dow closed near 4% higher.


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Plan A : Short if market surge but fails to breach above 1434. Targets are 1430.5, 1427 and 1423. Cut above 1438.

Plan B : Long if market stays firm above 1426. Targets are 1429.5, 1433 and 1437.5. Cut below 1421.



FCPO

FCPO flattened after a higher opening this morning, later stay firm above 2140's till the mid-afternoon session. Dalian +44 while soybean oil +0.04. 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 2161. Targets are 2189 and 2212.

Plan B : Short if market failed to support above 2161. Targets are 2139 and 2111.



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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