Wednesday, December 8, 2021

09 December 2021 BMD

                                  LOCAL MARKET


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FKLI 

Fears over Omicron's possible impact on global economic recovery dragged FKLI closed lower on Wednesday.

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Plan A : Attempt long if market trades firmly above 1495. Targets are 1500 and 1508.

Plan B : Consider short if market surges but fails to breach and stay firm above 1495. Targets are 1488 and 1482.



FCPO

FCPO plummeted the second session, bringing the price  down to 4820. Dalian closed -226 at 9270 while soybean oil traded -1.30 at 55.74. Ringgit strengthen at RM4.21 against the greenback.

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Plan A : Long only if market rebounded and supported firmly above 4845. Targets are 4867 and 4896.

Plan B : Short if market rebounded and resisted around 4845. Targets are 4822 and 4808.






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, mining.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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