16 Jan 2024 BMD

 LOCAL MARKET

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FKLI

The FBM KLCI (+0.93%) extended its gains, driven by buying activities following China's surprising move to keep benchmark interest rate at 2.5%.

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Plan A : Attempt long if the market stays above 1499. Targets are 1509 and 1515

Plan B : Consider short if the market stays below 1499. Targets are 1493 and 1482.

FCPO

 

FCPO rebounded and testing the resistance around 3860. Dalian traded +80 at 7382 while soybean oil traded +0.08 at 48.33 for the day. Ringgit weaken to 4.68 against the greenback.

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Plan A : Long only if market supported above 3805. Targets are 3829 and 3870.

Plan B : Short if market fail to support above 3805. Targets are 3772 and 3752.

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that investment.