Tuesday, July 24, 2018

25 July 2018

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GOLD

Gold prices inched higher early on Wednesday as the greenback softened while investors awaited U.S. economic growth data due later this week.


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Plan A : Buy if market supported above 1229.6. Targets are 1238.7 and 1247.7.

Plan B : Sell only if market failed to support above 1229.6. Targets are 1205.1 and 1184.3.
Plan C : Above 1234, no fresh position.
Plan D : Below 1224, no fresh position. 


HSI/ HSI Warrant

Asian markets were mixed on Wednesday , with benchmarks in Japan and Hong Kong tracking higher after Wall Street mostly advanced on the back of strong corporate results overnight.


Hang Seng Index climbed 0.44 percent to record more convincing gains as energy supported the benchmark.



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Plan A : Buy if market supported firm above 28811. Targets are 28994 and 29126.

Plan B : Sell only if market failed to support above 28811. Targets are 28643 and 28480.
Plan C : Above 28871, no fresh position.
Plan D : Below 28751, no fresh position.


FKLI

FKLI hovered around 1750's to 1760's on Tuesday after the spike last week to the high of 1768. The correction came by and stabilized above 1740 before the rebound to 1760's again. Market overall view is on upside, however, intraday trader might want to be sensitive on entry prices to avoid buying at the high side.


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Plan A : Buy if market supported above 1758. Targets are 1768 and 1777.

Plan B : Sell only if market failed to support above 1758. Targets are 1749 and 1743.
Plan C : Above 1763, no fresh position.
Plan D : Below 1753, no fresh position. 


FCPO

FCPO progressively moved down South to 2148 on Tuesday and settled low at 2152. Dalian and soybean oil are mixed while Ringgit stays weak at RM4.06 against the greenback.



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Plan A : Sell if market rebounded but resisted around 2168. Targets are 2148 and 2136.

Plan B : Buy if market supported firm above 2168. Targets are 2188 and 2197.
Plan C : Above 2178, no fresh position.
Plan D : Below 2158, 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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