Sunday, October 30, 2022

31 Oct 2022 BMD


 LOCAL MARKET

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FKLI

FKLI ended lower as profit-taking set in across the broader market.

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Plan A : Consider long if the market stays above 1452. Targets are 1456 and 1468.

Plan B : Attempt short if the market stays below 1448. Targets are 1436 and 1428




FCPO

FCPO climbed up during the first section but comes back down during the second section. Dalian traded -46 at 8004 while soybean oil traded +1.42 at 73.20. Ringgit remained at RM 4.72 against the greenback.

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Plan A : Long only if market supported firm above 4109. Targets are 4139 and 4168.

Plan B : Short if market failed to support above 4109. Targets are 4095 and 4077.





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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