30 September 2016

HSI Futures

Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank.

Hong Kong stocks followed Asian markets higher on Thursday as major energy firms jumped after a surge in oil prices triggered by a surprise agreement among OPEC members to curb output.

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Plan A : Above 23903, do nothing
Plan B : Below 23568, do nothing
Plan C : Attempt buying if market holds firm above 23654
Plan D : Cut below 23590
Plan E : Consider selling if market open gap up but fails to breach above 23903
Plan F : Cut above 23910


FKLI

FKLI was seen holding fairly well yesterday but with overnight Dow losing almost 200-points, a lower opening can be expected today. Market must at least hold above 1664 or 1661 today if it were to distance itself from a reversal downturn. 

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Oct contract:
Plan A : Attempt selling if market stays below 1670
Plan B : Cut above 1675
Plan C : Consider buying if market opens low but stays resilient above 1664
Plan D : Cut below 1661


FCPO

FCPO regained the earlier losses made in the afternoon after failing to penetrate through the low of 2581. Dalian and soybean oil are rather weak this morning while Ringgit stays at RM4.14 against the greenback.

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Plan A : Sell if market rebounded and resisted around 2633. Targets are 2614, 2606, 2597 and 2579.
Plan B : Buy if market opened low but supported above 2579. Targets are 2596, 2605, 2613 and 2633.
Plan C : Above 2633, no fresh position.
Plan D : Below 2579, 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.