LOCAL MARKET
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FKLI
FKLI ended lower dragged down by persistent selling across the board, in tandem with the heavy selldown seen in regional bourses after a tumble on Wall Street overnight.
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Plan A : Consider short if the market stays below 1476. Targets are 1456 and 1450.
Plan B : Attempt long if the market stays above 1476. Targets are 1481 and 1496.
FCPO
FCPO attempted a rebound to 3900 yesterday but could not sustain and it dived back down below 3800 again today. Dalian closed -98 at 7870 while soybean oil traded -0.16 at 64.71.
Ringgit challenge a new high against the greenback at RM4.53.
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Plan A : Long if market supported firm above 3788. Targets are 3809 and 3830.
Plan B : Short if market rebounded but failed to support above 3788. Targets are 3766 and 3745.
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