Thursday, July 2, 2020

03 July 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI recovered back to above 1530's for the first time since mid of June with the strong recovery in the KLCI and regional markets. The direction seems to be clearer now as the market had finally a breakthrough of previous range and we will have to see if it  is able to sustain above the supports.

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Plan A : Short if the market falls below 1525. Targets are 1521, 1517.5 and 1513. Cut above 1530.

Plan B : Continue to long if market declines but still holds above 1525.5. Targets are 1530, 1534 and 1538. Cut below 1521.



FCPO

FCPO opened almost unchanged and it continue to head North the first session. Dalian closed +74 at 5028 while 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 doesn't retrace much and supported firm above 2377. Targets are 2396 and 2418.

Plan B : Short if market failed to support above 2377. Targets are 2356 and 2332.



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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