Markets in Australia, New Zealand and Hong Kong remain closed today in conjunction with long Easter Holiday. FKLI could open little changed to slightly positive today after rebounding from an intraday low of 1703 last Friday. Dicey trading can be expected today as buyers and sellers fighting it out to become the winner. Sellers are reminded to be careful if market breach and stay firm above 1717.
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Plan A : Attempt selling as long as market stay below 1709
Plan B : Cut above 1717
Plan C : Intraday buying to be considered if market corrects but holds firm above 1703.5
Plan D : Cut below 1698.5
FCPO
FCPO surged to 2726 on last Friday regaining all the losses made over the week. Dalian and soybean oil are relatively strong today while Ringgit stays at RM4.02 toRM4.03 against the greenback.
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Plan A : Sell if market opened gap-up and resisted around 2748. Targets are 2717, 2702 and 2686. Only apply for opening hour.
Plan B : If market opened almost unchanged, sell if market resisted around 2726. Targets are 2702, 2691 and 2679.
Plan C : Buy if market retreated and supported above 2702. Targets are 2726 and 2748.
Plan D : Above 2748, no fresh position.
Plan E : Below 2691, 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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