HSI Futures
The benchmark U.S. S&P 500 stock index set record closing and intraday highs for the second straight day on Tuesday and the Dow Jones industrial average reached record highs for the first time in over a year as optimism about the world economy and upbeat corporate results from Alcoa boosted risk appetite.
Hong Kong shares finished up on Tuesday, joining a global equity rally after the U.S. benchmark S&P 500 hit a new high overnight.
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Plan A : Above 21372, do nothing
Plan B : Below 20996, do nothing
Plan C : Attempt buying if market corrects and holds firm above 21181
Plan D : Cut below 21112
Plan E : Consider selling if market gap up but fails to break above 21372
Plan F : Cut above 21450
FKLI
FKLI managed to close at day high level of 1658 after successfully defended its stay above 1650. Firmer Ringgit at 3.96 against USD helped market to stay firm and stand a chance of breaking above MA 200 of 1663 some time soon. Successful breach and firm stay above 1663 would see a rally in the making. Otherwise, a reversal can be expected.
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Plan A : Hold on to buying as long as market stays firm above 1651
Plan B : Exit buying only if market falls below 1647
Plan C : Consider intraday selling only if market fails to breach above 1663 once again
Plan D : Cut above 1668
FCPO
FCPO failed to cross above 2250 on Tuesday and it tumbled towards the second session. Dalian and overnight soybean oil are positive while Ringgit stays strong at RM3.98.
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Plan A : Sell if market rebounded and resisted around 2228. Targets are 2207, 2198, 2188 and 2164.
Plan B : If market opened almost unchanged, buy if market supported above 2188. Targets are 2207, 2218 and 2228.
Plan C : Above 2228, no fresh position.
Plan D : Below 2188, 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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ReplyDeleteSoybean futures prices closed higher on Tuesday on reports of lower acreage and heavy rains in soybean producing areas of MP, which may damage crop. Soybean Oct’16 contract closed 0.85% higher to settle at Rs. 3,796 per quintal. However, falling meal exports and rising cheap soyaoil oil imports have affected soybean prices in recent months. For best trading tips subscribe to the services of epic research.
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