Wednesday, June 27, 2018

28 June 2018

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GOLD

Gold prices dipped to a fresh six-month low on Wednesday as the U.S. dollar strengthened, making bullion more expensive for buyers using other currencies. 

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Plan A : Attempt selling if gold price remain trading below 1255
Plan B : Cut above 1262.4
Plan C : Consider buying only if gold price able to hold firm above 1247.4
Plan D : Cut below 1244.3


HSI/ HSI Warrant

U.S. stocks ended lower on Wednesday, reversing earlier gains on renewed uncertainty regarding the U.S. stance of Chinese investments in American technology companies.

Hong Kong stocks slid to nearly a seven-month low on Wednesday as a sharp fall in the yuan added to worries about China's economic growth amid escalating U.S.-China trade tensions.

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Plan A : Above 28523, do nothing
Plan B : Below 28194, do nothing
Plan C : Attempt selling if market stays below 28435
Plan D : Cut above 28523
Plan E : Consider buying if market test 28194 and rebound
Plan F : Cut below 28194


FKLI

FKLI opened strongly yesterday but slumped for the rest of the day there after. Market is expected to open weak today after a disappointing overnight Dow. However, fresh short sellers are advice to be patient with the entry level to avoid selling at a too low price.

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Plan A : Attempt selling only if market rebound but fails to breach above 1666
Plan B : Cut above 1672
Plan C : Consider buying only after market stabilizes. Otherwise, wait for the next support level around 1625.5


FCPO
FCPO finally breakthrough to 2300's level, pushing its way up the ladder. Dalian and soybean oil are mixed today while Ringgit further weakened at RM4.03 against the greenback.


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Plan A : Buy if market supported above 2303. Targets are 2325 and 2347. 
Plan B : Sell if market rebounded and resisted around 2325. Targets are 2309 and 2296.
Plan C : Above 2325, no fresh position.
Plan D : Below 2303, 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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