02 August 2021 BMD

                                  LOCAL MARKET

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FKLI

FKLI lost 12.5-points on Friday as sentiment continued to be hampered by elevated COVID-19 cases and heightened political tensions after recent fiasco in Parliament. 

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Plan A : Attempt sell if market recovers but fails to breach above 1501. Targets are 1490 and 1479.

Plan B : Consider long if market supports above 1490 and rebound. Targets are 1500 and 1509.

FCPO

FCPO slumped since morning, bringing the price back to 4100's. This is a significant drop since last Friday after tipping  at 4498. Dalian closed -358 at 8150 while soybean oil traded -0.93 at 62.11. Ringgit stays at RM4.22 against the greenback.

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Afternoon Plan 

Plan A : Long if market supported firm above 4169. Targets are 4191 and 4212.

Plan B : Short if market rebounded but failed to support above 4169. Targets are 4145 and 4128. 

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.