Sunday, April 2, 2023

3 Apr 2023 BMD



  LOCAL MARKET


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FKLI

FKLI ended lower on friday as investors booked profit following the recent advance. 

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Plan A : Consider long if the market stays above 1424. Targets are 1435 and 1439.


Plan B : Attempt short if the market stays below 1424. Targets are 1421 and 1417




FCPO
 
FCPO gapped up after news on OPEC cutting productions following with the increase of crude oil price. Dalian closed at +132 at 7750 while soybean oil traded +0.89 at 56.38. Ringgit weaken to 4.42 against the greenback.
 

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Plan A : Long only if market supported above 3837. Targets are 3859 and 3898.

Plan B : Short if market fail to support above 3837. Targets are 3800  and 3782.



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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