Wednesday, July 1, 2020

02 July 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI attempted to rebound but still failed to breach above 1520's and gradually declined to close at 1506 at the end of the day. The market has been in range play between 1480 and 1520 for the past weeks and it seems to be still continuing until the direction comes clear.

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Plan A : Short if the market breaks below 1501. Targets are 1498, 1494 and 1490. Cut above 1505.

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



FCPO

FCPO rebounded back to 2360's after the weak sediment over the past few days. Dalian closed +62 at 4988 while soybean oil +0.27. 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.

Plan A : Long if market supported firm above 2352. Targets are 2369 and 2388.

Plan B : Short if market failed to support above 2352. Targets are 2335 and 2318.




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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