Thursday, June 2, 2022

3 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower as investors seemed reluctant to make more significant moves in the absence of buying catalysts.

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Plan A : Consider long if the market stays above 1550. Targets are 1557 and 1565.

Plan B : Attempt short if the market stays below 1549. Targets are 1544 and 1539.




FCPO

FCPO moved slightly downwards during the second section. Dalian closed for the day while soybean oil traded -0.4 at 81.04. Ringgit maintained at 4.38 against the greenback.

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Plan A : Long if market supported firm above 6456. Targets are 6480 and 6521.

Plan B : Short only if market failed to support above 6456. Targets are 6415 and 6376.






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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