We are expanding to global markets. See next article for the trade plan.
LOCAL MARKET
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FKLI
FKLI consolidated throughout the day yesterday before settling at 1590.5-level. Market is expected to range like yesterday unless there's some inflow of major news.
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FCPO
FCPO opened lower this morning following the weakness in Dalian and overnight soybean oil. However, the prices recover from its losing ground and leap to the positive territories once again. Dalian closed +62 at 6068 while soybean oil rebounded strongly. Ringgit stays at RM4.06 against the greenback.
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Plan A : Short if market failed to support above 2944. Targets are 2931 and 2915.
Plan B : Long if market retraced but supported firm above 2915. Targets are 2931 and 2949.
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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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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