The Dow and S&P 500 eased on Friday as increasing expectations the Federal Reserve could raise rates as soon as September offset optimism over a recovery in the U.S. labor market.
Hong Kong stocks fell on Friday, in line with weakness in global markets due to nervousness ahead of a U.S. jobs report and lingering uncertainty over a Greece aid deal with creditors. Japan will be releasing its revised GDP data which is expected to expanded an annualized 2.7 percent while China's trade balance to show exports plunging 5 percent on year and import falling 10.7 percent in May
Plan A : Above 27279, do nothing
Plan B : Below 26853, do nothing
Plan C : Attempt selling if market stays below 27043
Plan D : Cut above 27279
Plan E : Consider buying if market holds above 26853 and triggers a buy again
Plan F : Cut below 26853
FKLI
Market recovered from its low of 1724 before settling at 1734 last Friday. Market seems to found its temporary support above 1720 level despite the weak RM. However, it remains dangerous to do any buying for now as market is still bearish overall.
Plan A : Attempt selling if market rebounds but fails to break above 1740
Plan B : Cut above 1745
Plan C : Intraday buying to be considered only if market holds firm above 1731
Plan D : Cut below 1724
FCPO
FCPO went through a slight correction and it continue to move upwards last Friday to high of 2346. Dalian and soybean oil are quite mixed today while RM significantly weakened to RM3.75 against the US Dollar which may limit the downside of the market.
Plan A : Intraday investor and short term buyer may buy if market could support above 2348, 2339 and 2317. Target is 2391 and 2457. Hold overnight if market could settle above 2360.
Plan B : Intraday investor may sell if market could not break 2365. Target is 2339, 2328 and 2317. Do not sell too far from resistance as the downside may be limited.
Plan C : Above 2360, do nothing.
Plan D : Below 2310, do nothing.
We are doing recruitment for our office in PJ..anyone interested kindly email us at futures.coin@gmail.com. Thank you
*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.
No comments:
Post a Comment