30 August 2017

HSI Futures

U.S. stocks ended higher on Tuesday after recovering from steep early losses brought by fears of escalation of hostilities in the Korean Peninsula.

Hong Kong stocks, along with those on major global markets, fell on Tuesday after North Korea fired a missile over Japan, escalating geopolitical tensions.

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Plan A : Above 27720, do nothing
Plan B : Below 27540, do nothing
Plan C : Attempt selling if market rebounds but fails to breach above 27720
Plan D : Cut above 27750
Plan E : Consider buying if market trades firmly above 27600
Plan F : Cut below 27540


FKLI

Investors were jitters over geopolitical tension in North Korea, sending FKLI to close almost at day's low level yesterday. Market however, is expected to open firmer today after overnight Dow came through unscathed. A technical rebound likely to be seen today before market going into long weekend holiday.

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Sept month contract:
Plan A : Attempt buying if market trades firmly above 1751
Plan B : Cut below 1748
Plan C : Consider selling if market rebound but fails to breach above 1761
Plan D : Cut above 1764


FCPO

FCPO had a quiet day on Tuesday, however, the market continue to depress after opening without much chance for a rebound. As a result, prices settled at almost day low. Dalian and soybean oil are slightly up while Ringgit stays at RM4.27 against the greenback.

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Plan A : Buy if market supported above 2724. Targets are 2746 and 2758.
Plan B : Sell if market rebounded but resisted around 2746. Targets are 2724, 2708 and 2695.
Plan C : Above 2746, no fresh position.
Plan D : Below 2724, 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.