Thursday, May 28, 2020

29 May 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI again failed to sustain above 1460's despite it tipped again at 1461.5 for the second day consecutively. The market was struggling for almost the full session near 1450 until the final hour where the market climbed to close at 1459. 

The market is a little unclear of its direction yet, as both the buyers and sellers are struggling to bring the market to their favors.


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Plan A : Attempt to short if market opens below 1454. Targets are 1450, 1446 and 1442. Cut above 1459.

Plan B : Long if market tested and rebounds from 1445. Targets are 1449, 1452 and 1456. Cut below 1440.



FCPO

FCPO re-visited the low at 2240's today after the effort to climb near 2300 the previous day before the close. Dalian closed +26 ended 4766 while soybean oil -0.04 against  the greenback. 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 June subscription. 

Plan A : Long if market supported firm above 2282. Targets are 2309 and 2330.

Plan B : Short if market failed to support above 2282. Targets are 2261 and 2240.




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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