Thursday, June 25, 2020

26 June 2020 BMD

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

LOCAL MARKET

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FKLI

Market was supported several times above 1480's with contribution from the recovery in Dow index. However, the market has to stand firm above 1500's to be a strong rebound to the buyers. Else, it might continue to consolidate between range.


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Plan A : Short if the market recovers but fails to breach above 1499. Targets are 1495, 1491 and 1487. Cut above 1504.

Plan B : Long if market rebounds from 1495. Targets are 1498, 1501 and 1504. Cut below 1492.




FCPO

Market rebounded to 2430 before a dive back below 2400-mark. Dalian closed for festive holiday and soybean oil is +0.01. 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 July subscription.

Afternoon Plan
Plan A : Long if market supported firm above 2384. Targets are 2393 and 2415.

Plan B : Short if market failed to support above 2384. Targets are 2362 and 2340.





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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