Monday, April 16, 2018

17 April 2018

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GOLD


Gold edged higher on Monday as the dollar fell, but gains were muted as financial markets bet that air strike on Syria would not escalate into a wider conflict.

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Plan A : Attempt buying if gold price remain resilient above 1344.7
Plan B : Cut below 1338.8
Plan C : Consider selling if gold price surges but fails to breach above 1350.5
Plan D : Cut above 1357.8


HSI

U.S. stocks closed higher on Monday, with the biggest boosts from the technology and healthcare sectors as investors turned their focus to earnings season and appeared less worried about U.S.-led missile attacks in Syria.
Hong Kong shares dropped on Monday amid worries that slowing credit growth and tightening regulatory requirements in China will hurt the country’s economic growth later in the year.

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Plan A : Above 30436, do nothing
Plan B : Below 30018, do nothing
Plan C : Attempt buying if HSI stands firm above 30162
Plan D : Cut below 30082
PlanE : Consider selling if market fails to breach above 30319
Plan F : Cut above 30399


FKLI

FKLI dipped down to day's low at 1864 upon opening and stay flatten until the second session, where it surged drastically from 1860's to the peak and closed at 1885. despite Hang Seng's fall for more than 600-points. Sellers again were tricked and forcefully exited from the market. 

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Plan A : Attempt buying if market retraces but trades firmly above 1873
Plan B : Cut below 1870
Plan C : Consider selling if market surges but fails to break above 1895.5
Plan D : Cut above 1898


FCPO



Fcpo hammered on Monday, resisted at 2408 then it dived to 2360’s. Dalian and soybean oil are slightly weak while Ringgit stays at RM3.87 against the greenback. 

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Plan A : Buy if market supported firm above 2365. Targets are 2380 and 2410.
Plan B : Sell if market rebounded and resisted around 2380. Target are 2360 and 2339.
Plan C : Above 2380, no fresh position.
Plan D : Below 2365, 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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