Wednesday, May 20, 2020

21 May 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to hovering at 1420's for almost the whole session yesterday until the final hour when it surged and closed at 1431 for the day with the boost from KLCI. The market seems to have stamped well above the support levels and we shall see if it can have another breakthrough today to further boost the buyers' confidence.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription. 
Plan A : Attempt to short if market breaks below 1423. Targets are 1419 and 1415. Cut above 1427.

Plan B : Continue to hold long if market stays firm above 1425. Targets are 1429, 1433 and 1438. Cut below 1421.



FCPO
FCPO surged to 2190 first session remain unsustainable before falling back to 2160's. Dalian closed -8 ended 4570 while soybean oil -0.13. Ringgit stays at RM4.34 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 2168. Targets are 2189 and 2215.
Plan B : Short if market failed to support above 2168. Targets are 2149 and 2127.





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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