Wednesday, July 29, 2020

30 July 2020 BMD

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

LOCAL MARKET

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FKLI

FKLI was like riding on a roller-coaster yesterday where it surged to 1623 before it then dived to 1592.5 before the first session ended. The market then recovered to 1617.5 in the second session followed with the recovery in Dow and regional markets. The market then settled at 1614 at the end of the day.

The FKLI is still not very clear yet with the market signal given, however the KLCI is showing strong buying signal with the buyers' confidence over the Malaysia market. 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.


August Contract:
Plan A : Long if market holds firm above 1607. Targets are 1611 and 1616. Cut below 1603.

Plan B : Attempt short if the market falls below 1605. Targets are 1601 and 1597. Cut above 1610.



FCPO

FCPO is recovering from the dive 2 days ago after a magic touch at 2790. Dalian closed +98 at 5700 while soybean oil +0.18. Ringgit stays at RM4.24 against the greenback.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.

Plan A : Long if market supported firm above 2676. Targets are 2694 and 2715.

Plan B : Short if market failed to support above 2676. Targets are 2658 and 2639.


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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