15 December 2015

HSI Futures

U.S. stocks recovered from early losses on Monday to close higher, helped by firmer oil prices, as investors awaited an expected Federal Reserve interest rate hike later in the week.

Hong Kong's benchmark stock index fell for the eighth straight session to a more than 2-month low on Monday, as investors braced for possibly higher U.S. interest rates later this week.

Plan A : Above 21440, do nothing
Plan B : Below 21100, do nothing
Plan C : Attempt buying if market holds resiliently above 21332
Plan D : Cut below 21199
Plan E : Consider intraday selling if market open gaps up but fails to break above 21440
Plan F : Cut above 21547


FKLI

Market failed in its attempt to rebound yesterday, tumbling in the last 30 mins of trading to settle at 1608. Market could rebound a little for morning's opening as overnight Dow gained 103-points. However, weak market sentiment could dampen any hopes of fierce rebound as investors are also bracing for possibly higher U.S. interest rates later this week.

Plan A : Attempt selling if market rebounds but fails to break above 1618.5
Plan B : Cut above 1623
Plan C : Consider intraday buying only if market holds firmly above 1610
Plan D : Cut below 1605


FCPO

FCPO gradually moved down on Monday. Dalian and soybean oil are slightly positive though overnight bean was down. Ringgit is at RM4.33 against the U.S. Dollar. Today is the last trading day and with the premium prices forward month, market might be confusing for the new month. Therefore, take note.

Plan A : Overnight buyer may exit the active month contract today. Support is 2396. Target is 2428.
Plan B : Sell active month if market resist at 2428. Targets are 2396 and 2380.
Plan C : Buy forward month with support 2454. Hold overnight if market closed above 2454. Targets are 2471 and 2531.
    



*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.