Sunday, January 15, 2023

16 Jan 2023 BMD



 LOCAL MARKET


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FKLI

FKLI ended higher taking the cue from the improved performance of regional markets and optimism surrounding China’s reopening as well as the weakening of the US dollar.

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Plan A : Consider long if the market stays above 1494. Targets are 1500 and 1503.

Plan B : Attempt short if the market stays below 1494. Targets are 1490 and 1484



FCPO

FCPO consolidated within the border of 3900's for the past few days. Dalian closed +32 at 7760 while soybean oil traded -0.39 at 62.67. Ringgit weakened to RM4.32 against the greenback.

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Plan A : Short if market failed to support above 3920. Targets are 3899 and 3878.

Plan B : Long if market supported firm above 3920. Targets are 3941 and 3962.













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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