Thursday, March 9, 2023

10 Mar 2023 BMD


  LOCAL MARKET


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FKLI

FKLI ended lower as investors remained wary of interest rate hikes in the US and risk of a recession on the global scale.

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Plan A : Consider short if the market stays below 1435. Targets are 1425 and 1417.

Plan B : Attempt long if the market stays above 1435. Targets are 1437 and 1441




FCPO
 
FCPO plummeted down as Dalian gapped down. Dalian closed at -138 at 7912 while soybean oil traded -0.14 at 56.92. Ringgit weakened to 4.51 against the greenback.
 

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Plan A : Short if market fail to support above 4160. Targets are 4136  and 4097.
 
Plan B : Long only if market supported above 4160. Targets are 4185 and 4229.





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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