Sunday, July 17, 2022

18 Jul 2022 BMD


 LOCAL MARKET


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FKLI

FKLI ended slightly lower with the index declining 0.11% due to lack of buying catalyst amid a lacklustre trading day.

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Plan A : Consider long if the market stays above 1415. Targets are 1423 and 1429.

Plan B : Attempt short if the market stays below 1414. Targets are 1411 and 1405


 


FCPO

FCPO switched month and surged up during the first and second section. Dalian closed +486 at 8040 while soybean oil +0.82 at 59.05. Ringgit weakened to 4.45 against the greenback.


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Plan A : Attempt short if the market stays below 3888. Targets are 3840 and 3821.

Plan B : Long if the market stays firm above 3888. Targets are 3918 and 3940.







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
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