10 December 2015

HSI Futures

U.S. stocks closed lower on Wednesday in a choppy session as oil resumed its decline, fueling investor worries about global economic growth and causing the S&P 500 index to track the move in the commodity.

Hong Kong shares weakened on Wednesday, weighed down by sluggish global markets and investor caution ahead of an expected U.S. rate hike next week.

Plan A : Above 21976, do nothing
Plan B : Below 21660, do nothing
Plan C : Attempt buying if market holds firm above 21790
Plan D : Cut below 21660
Plan E : Consider selling if market fails to break above 21976 and retrace
Plan F : Cut above 21976


FKLI

Market showed its bearishness after falling below 1655 level yesterday. Market is expected to remain under pressure today after overnight Dow declined once again. Investors are advised to wait for rebound to sell as global markets turned wary because of the U.S. rate hike decision next week.

Plan A : Attempt selling around 1658.5 
Plan B : Cut above 1663
Plan C : Consider intraday buy only if market test 1649 once more and rebounds
Plan D : Cut below 1647


FCPO

FCPO opened slightly higher on Wednesday but failed to sustain. Market retreated after the morning high. Dalian and soybean oil are mixed while Ringgit stays at RM4.25 against the greenback.

Plan A : Buy if market supported above 2377. Targets are 2417, 2431 and 2489.
Plan B : Sell if market rebounded and resisted at 2406. Targets are 2377 and 2356.
Plan C : Above 2410, no fresh position.
Plan D : Below 2380, 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.