Thursday, April 5, 2018

06 April 2018

Will parliment dissolve today??? Watch out for FKLI market. 


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GOLD

Gold prices fell on Thursday after the United States and China signaled willingness to resolve a trade dispute through negotiations, reducing demand for bullion as a perceived safe place to park money.

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Plan A : Attempt selling if gold price remain trading below 1332.9
Plan B : Cut above 1334.9
Plan C : Consider buying only if gold price holds resiliently above 1326
Plan D : Cut below 1321.2

HSI

The Dow and S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew.

Hong Kong stocks tumbled over 2 percent on Wednesday, with most of the damage done in afternoon trading as Beijing’s swift retaliation against U.S. tariffs renewed fears of a full-blown trade war between the world’s two biggest economies.

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Plan A : Above 29945, do nothing
Plan B : Below 29147, do nothing
Plan C : Attempt buying if HSI stands firm above 29337
Plan D : Cut below 29277
Plan E : Consider selling if market surges but fails to breach above 29875
Plan F : Cut above 29945


FKLI

FKLI gapped up at opening for more than 20-points as Dow rallied for more than 700-points to close positive. Sellers again were chase out from the market and the signal is again unclear, as the trade war between U.S. and China has making the signal changing daily. 

At early morning today, President Trump has instructed the United Stated Trade Representative (USTR) to consider $100 billion in additional tariffs and Dow futures tanked on the news, with the implied down for more than 400-points.

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Plan A : Attempt buying if market retraces but trades firmly above 1832
Plan B : Cut below 1828
Plan C : Consider selling if market fails to surge above 1838
Plan D : Cut above 1841


FCPOFCPO's intraday range resume flat like before despite the wild volatility on Wednesday.  Dalian remain close. Soybean oil is slightly weak today while Ringgit stays at RM3.87 against the greenback.

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Plan A : Buy if market supported above 2459. Targets are 2480 and 2495.

Plan B : Sell if market rebounded and resisted around 2480. Targets are 2459 and 2449.
Plan C : Above 2480, no fresh position.
Plan D : Below 2459, 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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