Thursday, September 24, 2020

25 September 2020 BMD

  We are expanding to global markets 

 See next article for the trade plan

LOCAL MARKET

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FKLI

FKLI gained 4.5-points yesterday but still trading below its daily resistance level of 1505. Market is expected to open slightly higher today after overnight Dow came through unscathed. Gains however, could be capped with investors still remain cautious with the political instability in Malaysia. Any surge could present an opportunity to sell.

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Plan A : Short if market recovers but fails to breach above 1509. Targets are 1501 and 1496. Cut above 1513.

Plan B : Consider buy only if the market stays firm above 1500. Targets are 1508 and 1513. Cut below 1496.



FCPO

FCPO depressed to 2725 early morning session later regaining the losses made and attempting to stay above 2800's in the afternoon. Dalian closed -68 at 5890 while soybean oil +0.12. Ringgit stays at RM4.16 against the greenback.

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

Plan A : Long if market supported firm above 2791. Targets are 2812 and 2830.

Plan B : Short only if market failed to support above 2791. Targets are 2775 and 2755. 



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 correction, 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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