Wednesday, June 10, 2020

11 June 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI was moving flat yesterday by hovering at 1570's for almost the full session as the market was lack of booster and the investors were lost in market direction.

The market may retrace today as the overnight Dow wiped up 1% from their previous gains.

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Plan A : Attempt to short if market does not breach above 1574. Targets are 1570, 1566 and 1561. Cut above 1578.

Plan B : Long if market tested and rebounds from 1565. Targets are 1569, 1572 and 1575. Cut below 1561.



FCPO

FCPO ended higher first session before the storm came in. Mid-afternoon prices dive due to the weaker Dalian and soybean oil. Dalian recovered at close to down 44 while soybean oil down 0.2. Ringgit stays at RM4.25 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 : Short if market failed to support above 2348. Targets are 2325 and 2301.

Plan B : Long only if market supported firm above 2348. Targets are 2369 and 2385.  



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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