Sunday, April 16, 2017

17 April 2017

FKLI

Spooked by prospect of more heightened conflict in North Korea, FKLI was pressured till very last minute for Friday's close and settled at day low level of 1728. Without a much worried incidents happened over the weekend, FKLI is expected to open steady today. There's a possibility of market rebound today if market were to hold firm above 1727 and breach through 1734 convincingly.

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Plan A : Attempt buying if market holds steady above 1727
Plan B : Cut below 1724
Plan C : Consider selling if market rebounds but fails to breach above 1734
Plan D : Cut above 1740


FCPO

FCPO flattened on Friday before the switch month and settled at 2554. Dalian and soybean oil are positive today while Ringgit stays at RM4.40 against the greenback. Today is the first day of switch month, trading plan is based on July month.

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Plan A : Sell if market rebounded and resisted around 2533. Targets are 2505, 2482
Plan B : Buy only if market stabilized above 2505. Targets are 2533 and 2548. Only apply in the morning.
Plan C : Above 2533, no fresh position.
Plan D : Below 2505, 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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