U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. Hong Kong, South Korea, China and Taiwan markets are still close for CNY holiday. FKLI is expected to open lower today after markets over the long holiday were down substantially.
Plan A : Consider buying if market gaps down but holds firm above 1635
Plan B : Cut below 1631
Plan C : Attempt selling if market face resistance at 1653
Plan D : Cut above 1656
FCPO
FCPO had strong pull-up last week, tipping at 2604 with slight profit taking towards the end of the day. Soybean oil are mixed while Ringgit stays at RM4.17 against the U.S.Dollar.
Plan A : Sell if market rebounded and resisted around 2582. Targets are 2547, 2538 and 2487.
Plan B : Buyer may stay out unless market supported above 2574. Targets are 2589 and 2604.
Plan C : Sell if market rebounded and resisted around 2604. Targets are 2575, 2560 and 2546.
Plan D : Above 2604, no fresh position.
Plan E : Below 2547, 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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