Tuesday, August 14, 2018

15 August 2018

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Gold

Gold prices steadied near 18-month lows on Tuesday, attempting a break back above the key $1,200 level as dollar eased and analysts said the precious metal could have fallen too far.


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Plan A : Consider buying only if market manage to hold firm above 1194.2
Plan B : Cut below 1191
Plan C : Attempt selling if gold price recovers but fails to breach above 1204
Plan D : Cut above 1211.1


HSI/ HSI Warrant

Wall Street’s three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears. The S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks with broadbased gains across industry groups.

Hong Kong stocks fell for a third straight session on Tuesday, after data showed further signs of cooling in China’s economy and as trade war worries lingered.

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Plan A : Above 27804, do nothing
Plan B : Below 27511, do nothing
Plan C : Attempt buying if market supported and rebounds from 27666
Plan D : Cut below 27588
Plan E : Consider selling if market surge but fails to break above 27908
Plan F : Cut above 28006




FKLI

FKLI surged first right upon market opening to the peak at 1784 then declined steadily to 1768 before it rebounded again and closed at 1781. The market is indeed choppy due to the Lira meltdown and the global market fear. However, traders are advised to be tolerated towards the market signal as it could be a little mix now for the intraday signal, despite the bigger trend is overall still a bearish sign.

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Plan A : Attempt long if market supported well above 1778; targets at 1784 and 1789.
Plan B : Cut below 1775.
Plan C :  Attempt short if market surge but fails to break above 1791. Targets are 1785 and 1780.
Plan D : Cut above 1796.


FCPO
FCPO prices suppressed to 2195 on first session, later rebounded and erased the losses made, ended with higher closing on Tuesday. Dalian and soybean oil are insignificant today while Ringgit nailed to RM4.10 against the greenback.


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Plan A : Buy if market supported above 2209. Targets are 2227 and 2238.
Plan B : Sell if market failed to support above 2209. Targets are 2186 and 2170.
Plan C : Above 2219, no fresh position.
Plan D : Below 2199, 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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