Market performed relatively weak yesterday with June month contract expired at 1879. July month contract will take over today but support seen at 1878. Failure to hold above this would see market heading towards 1867.5 next.
Plan A : Attempt selling if market fails to break above 1886
Plan B : Cut above 1890
Plan C : Consider buying if market holds above 1878 and rebounds
Plan D : Cut below 1878
FCPO
Although market managed to hold above 2418 yesterday, it will likely to go for a huge gap down today after overnight bean down 113 yesterday with dalian too slumping this morning. Buyers will have to extra careful today as any breakdown below 2360 will likely trigger a lot of long liquidations and hence pressuring the market lower.
Plan A : Consider intraday long if market holds above 2371 and rebounds
Plan B : Cut below 2360
Plan C : Attempt selling if market rebounds but fails to break above 2418
Plan D : Cut above 2453
*Disclaimer: This information is intended to assist professional investors. 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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