Wednesday, March 30, 2016

31 March 2016

HSI Futures
U.S. stocks ended higher on Wednesday ahead of the Friday jobs report. U.S. major indexes closed well off session highs, with the Dow up 83 points; S&P and NASDAQ up 8 points and 22 points respectively.  
Asian markets set to open higher after the gain from U.S. stocks. Hang Seng performed well on Wednesday, boosting the market across the resistances. 

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Pl
an A : Sell if market opened high and resisted around 21197. Targets are 20962, 20844 and 20727.
Plan B : Buy if market retreated and supported above 20740. Targets are 20871, 21018, 21116 and 21228.
Plan C : Above 21197, no fresh position.
Plan D : Below 20740, no fresh position.



FKLI

Market retreated towards the closing hour after a long consolidation for the day. FKLI is likely to move side-way until there is a clear signal at later stage. Today is the last trading day for March. Therefore, investor might want to trade next month contract. Prices just need to adjust according to the spread.

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Plan A : Sell if market rebounded and resisted around 1721. Targets are 1716, 1714.5, 1712.5 and 1709.
Plan B : Wait for market to consolidate. Buy if market retraced and supported above 1709. Targets are 1716 and 1721.
Plan C : Above 1721, no fresh position.
Plan D : Below 1709, no fresh position.  


FCPO

FCPO exerted with selling pressure on Wednesday with lower closing of 2745. Dalian and soybean oil are lying at negative territories while Ringgit further strengthen to RM3.91 against the greenback.

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Plan A : Sell at rebound. Resistance is 2743. Targets are 2727, 2711, 2701 and 2685.
Plan B : Buy if market consolidated and supported above 2727. Target is 2743. Only apply for opening hour.
Plan C : Above 2743, no fresh position.
Plan D : Below 2711, no fresh position. 

*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. 

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