Thursday, November 9, 2023

10 Nov 2023 BMD


 LOCAL MARKET


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FKLI

The FBM KLCI extended its decline as cautiousness prevails ahead of the Fed’s interest rate outlook.

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Plan A : Attempt short if the market stays below 1455. Targets are 1448 and 1445

Plan B : Consider long if the market stays a above 1457. Targets are 1461 and 1465.



FCPO
 
FCPO came back up after supporting around 3771. Dalian traded -52 at 7612 while soybean oil traded +90 at 73.96 for the day. Ringgit weaken to 4.71 against the greenback.
 

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Plan A : Long only if market supported above 3771. Targets are 3799 and 3820.

Plan B : Short if market fail to support above 3771. Targets are 3742 and 3721.



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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