Friday, 4 March 2016

Trading Strategy for FKLI And FCPO 4 March


FKLI:

FKLI backtracked toward the evening in the wake of neglecting to soften above 1700-step up the morning yesterday. Market look liable to stay firm notwithstanding some intraday benefit taking yesterday. Firmer Ringgit at 4.12 ought to have the capacity to backing any exceptional fall in the business sector.

Arrangement A : Attempt purchasing if market stays firm above 1680

Arrangement B : Cut underneath 1676

Arrangement C : Consider intraday offer if market surges and at the end of the day neglects to break above 1700

Arrangement D : Cut above 1704


FCPO:

FCPO withdrew in before session yesterday yet costs turnaround after the break. Showcase gradually bolstered upwards with shutting cost at day high. Dalian is colossally positive while soybean oil stays in positive regions. Ringgit stays solid at RM4.12 to RM4.14 versus the U.S. Dollar.  

Arrangement A : Wait for business sector to settle subsequent to opening. Offer if market bounced back and opposed around 2518 or 2534. Targets are 2502,2494 and 2486.

Arrangement B : Buy if market followed and bolstered above 2491. Targets are 2509 and 2519. Do no surge into purchase.

Arrangement C : Above 2534, no new position.

Arrangement D : Below 2491, no new position.


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