Wednesday, November 29, 2017

30 November 2017

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GOLD

The price of gold fell on Wednesday, as upbeat U.S. growth data prompted a recovery in the dollar and a bounce in U.S. Treasury yields, though it remained stuck within the narrowest monthly range since 2005.

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Plan A : Attempt selling if gold prices remain trading below 1285.6
Plan B : Cut above 1288.6
Plan C : Consider buying if gold prices stood resiliently above 1282.6
Plan D : Cut below 1278.9


HSI Futures

The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes, and higher interest rates.

Hong Kong shares ended Wednesday lower despite gains on Wall Street, with investors’ risk appetite curbed by North Korea’s latest missile test. 

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Plan A : Above 29691, do nothing
Plan B : Below 29431, do nothing
Plan C : Consider selling if market trades consistently below 29625
Plan D : Cut above 29691
Plan E : Consider buying if market stays resilient above 29488
Plan F : Cut below 29431


FKLI

FKLI opened lower but hikes up to 1723 before it closed day high. The market again showing unclear direction, still moving in consolidation, but in a bigger range, traders are advised to be extremely cautious on the market movement as we still do not know which way it wants to go further.

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Plan A : Attempt selling if market resisted at 1726
Plan B : Cut above 1728
Plan C : Consider buying if market stays firm above 1716
Plan D : Cut below 1714


FCPO

FCPO resume with the down trend after failing to breach above 2588 on Wednesday. Dalian and soybean oil are lying at positive territories while Ringgit further strengthen at RM4.08 against the greenback.

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Plan A : Buy if market supported firm above 2574. Targets are 2607 and 2621.
Plan B : Sell if market rebounded and resisted around 2607. Targets are 2588 and 2571.
Plan C : Above 2607, no fresh position.
Plan D : Below 2574, 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.

Tuesday, November 28, 2017

29 November 2017

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GOLD

Gold prices held steady on Wednesday as the reaction to North Korea's latest missile test was muted, while palladium hovered near the 17-year peak touched in the previous session. 

Spot gold was little changed at $1,294.12 an ounce at 0113 GMT. 

U.S. gold futures were down 0.1 percent at $1,293.60.

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Plan A : Sell only if market failed to hold above 1291.90. Targets are 1287.35 and 1281.40.  
Plan B : Buy if market supported firm above 1291.90. Targets are 1299 and 1308.
Plan C : Above 1295, no fresh position.
Plan D : Below 1287, no fresh position.


HSI Futures

Wall Street surged to record closing highs on Tuesday, led by sharp gains in bank stocks and boosted by progress for a tax cut bill, strong consumer confidence data and encouraging comments from President Donald Trump’s nominee to lead the Federal Reserve.

Hong Kong’s benchmark share index ended little changed on Tuesday after trimming early losses.

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Plan A : Above 29803, do nothing
Plan B : Below 29501, do nothing
Plan C : Consider selling if market trades consistently below 29703
Plan D : Cut above 29785
Plan E : Consider buying if market stays resilient above 29578
Plan F : Cut below 29501


FKLI

FKLI opened high but falling drastically in the afternoon session yesterday to 1710, despite the recovery from Dow and the regional markets. Our market is still weak in view, the fall yesterday lured in sellers and buyers were forced to exit the market. But the direction is still not firm yet, it shall be revealed in these few days, hopefully. 

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Plan A : Attempt selling if market resisted at 1716
Plan B : Cut above 1718
Plan C : Consider buying if market stays firm above 1710
Plan D : Cut below 1708


FCPO

FCPO consolidated yesterday with 24 points day range. Dalian and soybean oil are negative while Ringgit stays firm at RM4.10 against the greenback.

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Plan A : Sell if market rebounded and resisted around 2593. Targets are 2566 and 2534.
Plan B : Buy only if market supported firm above 2582. Targets are 2607 and 2621.
Plan C : Above 2593, no fresh position.
Plan D : Below 2582, 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.

Monday, November 27, 2017

28 November 2017

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Gold

Gold prices on Tuesday held near a six-week high hit in the previous session, supported by a weaker dollar ahead of a congressional hearing on U.S. Federal Reserve chair nominee Jerome Powell and a possible Senate vote on U.S. tax reforms.

Spot gold was up 0.1 percent at $1,295.31 an ounce at 0120 GMT. On Monday, the metal touched a high of $1,299.13 an ounce, its highest since Oct., 16.

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Plan A : Buy if market supported above 1291.80. Targets are 1298 and 1308.95.
Plan B : Sell only if market failed to support above 1291.8. Targets are 1281 and 1275.
Plan C : Above 1294, no fresh position.
Plan D : Below 1287, no fresh position.




HSI Futures

Wall Street’s major indexes ended little changed on Monday after retreating modestly from record highs set during the session as gains for Amazon countered losses in shares of energy companies.

Hong Kong shares closed lower on Monday, as investors largely shrugged off data showing profits at China’s industrial firms continued to grow at a robust pace last month despite a slight cooling from a sizzling September.

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Plan A : Above 29867, do nothing
Plan B : Below 29579, do nothing
Plan C : Consider selling if market trades consistently below 29783
Plan D : Cut above 29805
Plan E : Consider buying if market stays resilient above 29697
Plan F : Cut below 29607


FKLI

FKLI opened lower yesterday but closed higher at 1722. Several supports gained during the hikes, sellers were forced out from the market. New trend may form at anytime, further observation is needed for confirmation.

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Plan A : Attempt selling if market resisted at 1726
Plan B : Cut above 1728
Plan C : Consider buying if market stays firm above 1718
Plan D : Cut below 1716


FCPO

FCPO started off with weak opening on Monday morning followed by a tumble later. However, the market recovered the losses in split seconds after a dive to 2565. Dalian and soybean oil are mixed today while Ringgit stays at RM4.11 against the greenback.

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Plan A : Buy only if market supported above 2593. Targets are 2621 and 2643.
Plan B : Sell if market rebounded and resisted around 2621. Targets are 2593 and 2566.
Plan C : Above 2621, no fresh position.
Plan D : Below 2593, 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.

Sunday, November 26, 2017

27 November 2017

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GOLD

Gold prices dipped on Friday as some investors locked in profits at the end of the week, but there are expectations that they could move higher next week as analysts predicting a rebound.

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Plan A : Attempt selling if gold price surges but fails to breach above 1289
Plan B : Cut above 1295.3
Plan C : Consider buying if gold price retraces but holds firm above 1283.2
Plan D : Cut below 1277.9


HSI Futures

Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season. The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to Sept. 1.

Hong Kong stocks rebounded on Friday, recording a fourth week of gains, as mainland shares showed signs of stabilising after Thursday’s tumble. Financial stocks led the gains, as some investors believe Chinese banks will benefit from Beijing’s tough rules against shadow banking, which will remove systemic risks in the sector, despite short-term negative impact on the market’s mood. 

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Plan A : Above 30045, do nothing
Plan B : Below 29819, do nothing
Plan C : Consider selling if market trades consistently below 29959
Plan D : Cut above 30045
Plan E : Consider buying if market stays resilient above 29875
Plan F : Cut below 29824


FKLI

FKLI opened lower and traded below 1720 on last Friday. Market had been falling for three days consecutively, high chance it is now again entering the tight range trading between 1710-1720. Hence, traders are advised to watch out for any signs of break-up or break-down for new trend in market.

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Plan A : Attempt selling if market resisted at 1717
Plan B : Cut above 1720
Plan C : Consider buying if market stays firm above 1711
Plan D : Cut below 1709


FCPO

FCPO remain stagnant for the second day after failing to breakthrough 2649 on Friday. Dalian and soybean oil are lying at negative territories while Ringgit stays at RM4.11 against the greenback.

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Plan A : Sell if market failed to hold above 2607. Targets are 2582 and 2566.
Plan B : Buy only if market stay firm above 2607. Targets are 2627 and 2643.
Plan C : Above 2617, no fresh position.
Plan D : Below 2597, 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.

Thursday, November 23, 2017

24 November 2017

Flash sales!! Calling for ALL futures traders!! Do contact us NOW if you wish to be the FIRST 50 customers to join our Elite Club with great deal for FREE. Click here to find out more : https://goo.gl/nt14GJ !

Come and explore with us into GOLD market trading!!!  Do not miss the opportunity.. VOLUME is huge..  




Gold

Gold prices inched up on Friday as the dollar remained under pressure after minutes of the U.S. Federal Reserve's meeting revealed that some policymakers were concerned over lower inflation.

Spot gold was up 0.1 percent at $1,292.18 per ounce, as of 0134 GMT. Bullion was down about 0.2 percent for the week.

U.S. gold futures for December delivery were unchanged at $1,291.80.

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Plan A : Buy only if market stabilized above 1291.85. Targets are 1308.95 and 1325.15. 
Plan B : Sell if market rebounded and resisted around 1291.85. Targets are 1284.80 and 1277.75.
Plan C : Above 1298, no fresh position.
Plan D : Below 1282, no fresh position.



HSI Futures

U.S. markets are off for Thanksgiving.

Hong Kong stocks ended Thursday sharply lower, with the benchmark Hang Seng falling back below the 30,000 point mark after the previous session’s breakthrough, as a tumble in mainland stocks soured sentiment.

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Plan A : Above 29950, do nothing
Plan B : Below 29805, do nothing
Plan C : Consider selling if market trades consistently below 29902
Plan D : Cut above 29950
Plan E : Consider buying if market stays resilient above 29851
Plan F : Cut below 29805


FKLI

FKLI tipped at 1724 but unable to hold above 1720 throughout the day, dipped to 1717 before settled at 1718, despite the strong Ringgit recovery to 4.10 yesterday. The market again is lack of strength to climb, and sellers are lured in to further pressure the market. 

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Plan A : Attempt selling if market resisted at 1720
Plan B : Cut above 1722
Plan C : Consider buying if market stays firm above 1711
Plan D : Cut below 1709


FCPO

FCPO flattened on Thursday with slight downwards pressure. Dalian and soybean oil are negative while Ringgit stays at RM4.11 against the greenback.

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Plan A : Sell if market failed to breach across 2628. Targets are 2607 and 2582.
Plan B : Buy only if market supported above 2628. Targets are 2643 and 2669.
Plan C : Above 2638, no fresh position.
Plan D : Below 2618, 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.

29 April 2024 Foreign

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