Thursday, October 6, 2022

7 Oct 2022 BMD


 LOCAL MARKET

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FKLI

FKLI ended lower ahead of the tabling of Budget 2023 on Friday.

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Plan A : Consider short if the market stays below 1421. Targets are 1413 and 1407.

Plan B : Attempt long if the market stays above 1425. Targets are 1428 and 1434



FCPO

FCPO returns to move within consolidation range. Dalian closed for the week while soybean oil traded -0.63 at 65.39.
Ringgit weakened to RM4.65 against the greenback.

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Plan A : Long if market retraced and supported firm above 3720. Targets are 3758 and 3793.

Plan B : Short if market failed to support above 3720. Targets are 3701 and 3674.




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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