30 June 2016

HSI Futures

U.S. stocks closed more than 1.5 percent higher Wednesday, helped by gains in oil prices, as global markets recovered for a second day from their post-Brexit plunge.

Hong Kong stocks tracked global markets higher on Wednesday, breaking in a three-day losing streak, as panic triggered by Brexit vote slowly eased. 

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Plan A : Above 20641, do nothing
Plan B : Below 20200, do nothing
Plan C : Consider intraday selling if market gap up but fails to breach above 20547
Plan D : Cut above 20641
Plan E : Attempt buying if market corrects and holds firm above 20307
Plan F : Cut below 20255


FKLI

FKLI closed at day high yesterday with buying supports coming in together with the regional markets. Window dressing activities can be seen and expected to stay for today. However, investors shall not get over bullish as Brexit effect might not be over yet. A dead-cat-bounce situation is still a possibility as long as market stays trading below 1661.

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July month contract:

Plan A : Attempt selling if market fails to breach above 1655.5
Plan B : Cut above 1661
Plan C : Consider buying only if market corrects and holds firm above 1639.5
Plan D : Cut below 1634


FCPO

FCPO eventually decided to move down South, visiting the low at 2317 and settled at 2323. Dalian and soybean oil are mixed while Ringgit further strengthen to RM4.01 against the greenback.

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Plan A : Buy if market stabilized and supported above 2310. Targets are 2338 and 2353.
Plan B : Sell if market rebounded and resisted around 2338. Targets are 2315, 2310 and 2289.
Plan C : Above 2338, no fresh position.
Plan D : Below 2310, 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.