Monday, July 16, 2018

17 July 2018

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Gold

Gold steadied on Monday as weak physical demand in top-consuming regions and the expectations of higher U.S. interest rates weigh, despite the bullion-priced U.S. dollar losing steam.

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Plan A : Attempt buying if gold price manage to hold firm above 1238.1
Plan B : Cut below 1236
Plan C : Consider selling if gold price recovers but fails to breach above 1242
Plan D : Cut above 1247.4


HSI/ HSI Warrant

U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season.

Hong Kong’s benchmark index ended little changed on Monday, as China posted a moderate second-quarter economic slowdown that was in line with expecations.

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Plan A : Above 28785, do nothing
Plan B : Below 28417, do nothing
Plan C : Attempt buying if market trades firmly above 28474
Plan D : Cut below 28417
Plan E : Consider selling if market surges but fails to breach above 28702
Plan F : Cut above 28785


FKLI

FKLI opened slightly higher yesterday but failed to further surge higher. The market was slightly resisted before 1730's and supported above 1713. If there is still no breakthrough between these two levels, the market might consolidated in between this range. Hence, traders are advised to be cautious and focus on profit-taking to avoid unnecessary losses.

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Plan A : Attempt long if market stays firm above 1713
Plan B : Cut below 1710
Plan C : Consider selling only if market surges but fails to breach above 1728
Plan D : Cut above 1732



FCPO

FCPO attempted a rebound yesterday after the recent year low at 2144 the previous day. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.04 against the greenback.

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Plan A : Buy if market supported above 2173. Targets are 2192 and 2212.
Plan B : Sell only if market failed to support above 2173. Targets are 2158 and 2129.
Plan C : Above 2183, no fresh position.
Plan D : Below 2163, 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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