FKLI
U.S. stocks bounced on Thursday after two days of declines following encouraging data on the labor market, but mixed data this week kept investors on edge before Friday's key payrolls report. Most markets will be closed for Good Friday celebration today. Subdued trading can be expected with market still on the upward bias.
Plan A : Attempt buying if market were to retrace but holds firmly above 1829
Plan B : Cut below 1826
Plan C : Consider selling only if market surges but fails to break above 1848
Plan D : Cut above 1855
FCPO
FCPO had tight movement yesterday with no surprise. Overnight soybean oil was up 35 cents and Dalian is so far insignificant. There is no soybean oil market for today and Ringgit is strengthen at RM 3.66 against the greenback. Investor may expect a slightly higher opening this morning due to the upside of overnight soybean oil.
Plan A : Intraday investor and short term seller may sell if market gap up during opening. When market stabilizes, take 2180 and 2164 as resistance if market gradually corrected. Target is 2143 and 2104. It is vital for market to stay below 2164 for a market downtrend.
Plan B : Buyer may stay out.
Plan C : Above 2190, do nothing.
Plan D : Below 2140, do nothing.
*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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