Tuesday, June 7, 2022

8 Jun 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended lower amid persistent selling pressure in selected heavyweights as weak sentiment prevailed in the region.

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Plan A : Consider long if the market stays above 1527. Targets are 1535 and 1539.

Plan B : Attempt shor if the market stays below 1543. Targets are 1530 and 1522.



FCPO

FCPO surge up during opening and retrace during the second section. Dalian closed +62 at 12144 while soybean oil traded +0.76 at 82.20. Ringgit remained at 4.39 against the greenback.

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Plan A : Short only if market failed to support above 6469. Targets are 6443 and 6417.

Plan B : Long if market supported firm above 6469. Targets are 6495 and 6519.






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