FKLI

FKLI March contract settled at 1347.5 yesterday, which was near 9% lower than February's settlement price. The drop however was mainly contributed by the coronavirus outbreak which started in Wuhan, China and then affected the whole world. 

Overall the big picture for the market is still showing bearish signal, however investors are asked to be braced for some rebounds before another incoming dip.

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Plan A : Short if market falls below 1329. Targets are 1324.5, 1321 and 1317.

Plan D : Cut below 1310.

FCPO

FCPO dipped this morning after failing to support above 2400's mark. Dalian closed -76 ended 4880 while soybean oil -0.52. Ringgit once again weakened against the greenback at RM4.35.

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Plan A : Short if market rebounded but resisted around 2370. Targets are 2349 and 2325.

Plan B : Long if market supported firm above 2370. Targets are 2391 and 2419.

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.