Monday, June 15, 2020

16 June 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI dipped down to 1484 yesterday as the market was panic reacting to the fall in the Dow market which leaded to the panic selling in both FKLI and KLCI. 

However, Dow managed to regain its losses to close in green for more than 150-points. Hence, we may expect our market to be struggling between the pressures of the buyers and the sellers.

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Plan A : Short if the market recovers but does not breach above 1510. Targets are 1507, 1504 and 1500. Cut above 1514.

Plan B : Long if market rebounds from 1503. Targets are 1507, 1511 and 1515. Cut below 1499.



FCPO

FCPO gap-up in the morning later flattened, waiting for a breakthrough after a few rounds of range trade over the past few days around 2290's to 2400's. Dalian closed +72 at 4994 while soybean oil +0.28. Ringgit stays at RM4.27 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 2347. Targets are 2369 and 2395..
Plan B : Short if market failed to support above 2347. Targets are 2324 and 2301.




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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