Sunday, June 28, 2020

29 June 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI recovered slightly in the final hour to settle at 1485 last Friday but sentiment were beaten as cash market faced persistent selling across the board. However, extension of  short selling suspension and talks of loan moratorium extension could lend support to the market and limit losses today.


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Plan A : Short if the market fails to regain footings above 1485.5. Targets are 1477, 1471 and 1468. Cut above 1491.


Plan B : Long if market rebounds from 1476. Targets are 1481, 1485.5 and 1491. Cut below 1472.




FCPO

FCPO continue to head South after failing to rebound back to 2400. Dalian closed -186 at 4926 while soybean oil -0.22. Ringgit stays at RM4.28 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 : Short if market failed to support above 2331. Targets are 2308 and 2284.
Plan B : Long if market supported firm above 2331. Targets are 2349 and 2368.




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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