European markets closed higher on Monday after hints from the U.S. Federal Reserve's Janet Yellen and James Bullard about when the Fed might next raise interest rates.
Hong Kong shares finished slightly higher on Monday, following marginal gains in mainland China indexes.
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Plan A : Above 20481, do nothing
Plan B : Below 20170, do nothing
Plan C : Attempt buying if market holds firm above 20347
Plan D : Cut below 20264
Plan E : Consider selling if market gap up but fails to breach above 20481
Plan F : Cut above 20564
FKLI
Market performed weakly yesterday, breaking below its support at 1629 for spot month. With spot month expiring today, focus will turn into forward month contract which is equally weak now. Any rebound could present selling opportunity, especially if forward fails to find its footing above 1627.
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June contract:
Plan A : Attempt selling if June FKLI stays below 1627
Plan B : Cut above 1631
Plan C : Consider buying if market dips but holds resiliently above 1616
Plan D : Cut below 1611
FCPO
FCPO flattened on Monday with some upwards support along the way. Dalian and soybean oil are slightly at the positive side while Ringgit stays at RM4.11 against the greenback.
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Plan A : Buy if market supported above 2588. Targets are 2618 and 2636.
Plan B : Sell only if market resisted around 2618. Targets are 2588, 2562 and 2541.
Plan C : Above 2618, no fresh position.
Plan D : Below 2588, 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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