Monday, July 6, 2020

07 July 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI continued to climb steadily yesterday as the market rose to 1580's since last month. Market was well supported, with the contribution in KLCI and regional markets where Hong Kong's Hang Seng Index rose for more than 1000-points yesterday.

Today may expect the FKLI to open higher and may continue to climb as the overnight Dow closed near 500-points in green.

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Plan A : Continue to hold long as long as market stays above 1579. Targets are 1583, 1588 and 1594. Cut below 1575.

Plan B : Short if the market does not breach above 1601. Targets are 1597, 1594 and 1590.5. Cut above 1605




FCPO

FCPO attempted to stay above 2400 this morning but failed and it dived back to 2358 when Dalian turn negative the second session. Dalian eventually closed -48 at 4996 while soybean oil -0.3. 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.

Plan A : Long if market supported firm above 2363. Targets are 2380 and 2398.

Plan B : Short if market failed to support above 2363. Targets are 2345 and 2328.





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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