Wednesday, May 6, 2020

06 May 2020 BMD

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

LOCAL MARKET

Our trade results are posted in our FB page. Click link below to access:-
https://www.facebook.com/Futurescoin-1564520737153902/

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FKLI

FKLI hovers around the 1360's to 1400's over the past few days without much anticipation from the market. 
Bank Negara (BNM) cut by 50bp to 2% in line with ours and market expectations.

Malaysia's growth outlook has deteriorated sharply with GDP likely to be well below potential this year amid a very subdued inflationary backdrop. BNM states that average inflation is expected to be negative this year.
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 failed to support above 1381. Targets are 1372 and 1365.
Plan B : Long if market supported firm above 1381. Targets are 1388 and 1397.



FCPO

FCPO continue to stay below 2000 after a few round of failed attempts to surpass 2000 mark. Dalian re-opened today after a long holiday week, ended the market -82 at 4342 while soybean oil -0.24. Ringgit stays at RM4.30 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 only if market supported firm above 1996. Targets are 2012 and 2038.
Plan B : Short if market rebounded but failed to support above 1996. Targets are 1979 and 1961.




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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