Wednesday, March 21, 2018

22 March 2018

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GOLD

Gold prices rose on Wednesday after the U.S. Federal Reserve approved a widely expected raise in interest rates.


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Plan A : Attempt buying if gold price stays resiliently above 1330.3
Plan B : Cut above 1325.8
Plan C : Consider selling if gold price fails to breach above 1335.8
Plan D : Cut above 1340.5



HSI

U.S. stocks ended slightly lower on Wednesday, with stocks giving up gains in choppy trade after the Federal Reserve raised benchmark U.S. interest rates, while a strong gain in the energy space helped limit losses.

Stocks in China and Hong Kong rallied on Wednesday, led by real estate firms, after developers posted stellar profits for 2017. Amid mounting fears of a global trade war, China’s premier Li Keqiang said China would open its economy further, so that foreign and Chinese firms can compete on an equal footing.

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Plan A : Above 31477, do nothing
Plan B : Below 31171, do nothing
Plan C : Attempt buying if HSI trades firmly above 31198
Plan D : Cut below 31128
Plan E : Consider selling if market consistently trade below 31358
Plan F : Cut above 31438


FKLI

FKLI had a great surge yesterday, from day's low 1850.5 to the tip at 1867 before it declined to closer lower at 1863. This surge is partially resulted by the strong recovery from our cash market which closed high yesterday. With the news of Federal finally lifts the interest rates in U.S., we shall see more movement in our market today. Hence, traders are advised to be cautious and alert before to enter the market.

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Plan A : Attempt buying if market retraces but still supported above 1856
Plan B : Cut below 1852
Plan C : Consider selling only if market fails to break above 1864
Plan D : Cut above 1868


FCPO

FCPO erased the losses made in the first session on Wednesday and eventually settled high at 2448. Dalian and soybean oil are mixed today while Ringgit strengthen against the greenback at RM3.90.


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Plan A : Buy if market supported above 2445. Targets are 2459 and 2481.
Plan B : Sell only if market failed to support above 2445. Targets are 2424 and 2402.
Plan C  : Above 2455, no fresh position.
Plan D  : Below 2435, 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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