Tuesday, June 30, 2020

01 July 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI pulled back to settle above 1500's for the June contract on the last trading day of the second quarter. However, the market is still showing a weak signal as the rebounds were not strong and the market was shaky over the rising fear of the coronavirus and Sino-US tension.

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Plan A : Short if the market fails to breach above 1508. Targets are 1504.5, 1501 and 1497. Cut above 1511.

Plan B : Long if market rebounds from 1495. Targets are 1499, 1502 and 1505. Cut below 1490.




FCPO

FCPO was seen weak yesterday, reversed early gains falling for the fifth consecutive day on concerns demand will be affected with the surge in coronavirus cases.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for July subscription.

Plan A :  Short if market stays below 2328. Targets are 2310 and 2291.

Plan B : 
 Long if market supported firm above 2297. Targets are 2310 and 2328.


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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