2 July 2015

HSI Futures

U.S. stocks closed higher on Wednesday but were down from earlier highs as energy stocks declined and Greece's debt crisis showed no clear signs of resolution.

China stocks tumbled again on Wednesday, surrendering much of Tuesday's sharp gains, as investors took advantage of any rebound to reduce their leveraged positions.

Plan A : Above 26417, do nothing
Plan B : Below 25853, do nothing
Plan C : Attempt selling if market trades gradually lower, breaking below 26125
Plan D : Cut above 26201
Plan E : Consider buying if market test and supported well above 25853 and rebound
Plan F : Cut below 25853


FKLI

Market did a remarkable rebound yesterday, surging more than 50-points from intraday low of 1690 before settling at 1735.5 in a day where sellers were caught scrambling for the exit door. Any retracement could presents opportunity to buy as long as it stays firm above 1723.

Plan A : Attempt buying between 1726-1730
Plan B : Cut below 1723
Plan C : Intraday selling to be considered only if market test 1754 and retrace
Plan D : Cut above 1760



FCPO

FCPO ran on V-shape formation yesterday and eventually settled at 2267. Dalian and soybean oil markets are quite weak today while Ringgit slightly strengthen at RM 3.76 against the USD. Market has no given any clue of the direction at this moment, thus, investor might attempt some range trade. 

Plan A : Intraday investor or seller may sell if market could rebound and resisted around 2273. Target is 2244 and 2236.
Plan B : Intraday investor or buyer may buy if market could support above 2244. Target is 2273 or 2285.
Plan C : Above 2290, do nothing.
Plan D : Below 2240, do nothing.

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*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does  not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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.