Monday, August 27, 2018

28 August 2018

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Gold

Gold gained above $1,200 per ounce on Monday as the dollar weakened after the United States and Mexico struck an agreement that lowers trade tensions.


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Plan A : Attempt buying if gold price able to hold firm above 1203

Plan B : Cut below 1200.5
Plan C : Consider selling if gold price fails to breach above 1213
Plan D : Cut above 1217.2


HSI/HSI Warrant

A broad-based rally pushed U.S. stocks higher on Monday, with the S&P 500 and the Nasdaq closing at record highs for the second consecutive session as investor sentiment was buoyed by a trade agreement reached between the United States and Mexico.

Hong Kong stocks posted their biggest one-day percentage rise in six months on Monday, tracking gains in mainland shares after China’s central bank guided the yuan higher by tweaking its currency management mechanism.

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Plan A : Above 28659, do nothing
Plan B : Below 28230, do nothing
Plan C : Attempt buying if market supported well above 28278
Plan D : Cut below 27201
Plan E : Consider selling if market surges but fails to breach above 28659
Plan F : Cut above 28754


FKLI

FKLI opened with a gap-up yesterday at 1809 and it finally broke the major resistance at 1810.5 by peaking at 1816 before it closed slightly lower at 1812. The boost was partially resulted by the strong overnight Dow and regionals. Now the trend is getting clearer, and buyers are more confident in entering the market. Furthermore the overnight Dow is closed higher for more than 250-points, hence FKLI could go even higher today.

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Plan A : Attempt buying if market holds firm above 1811
Plan B : Cut below 1809
Plan C : Consider selling only if market surges but fails to break above 1822
Plan D : Cut above 1825



FCPO

FCPO resume to walk down south, breaking the 2200's level and settled at 2199. Dalian and soybean oil are insignificant this morning while Ringgit stay weak at RM4.09 against the greenback.


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Plan A : Sell if market rebounded and resisted around 2222. Targets are 2192 and 2181.

Plan B : Buy only if market supported firm above 2209. Targets are 2222 and 2239.
Plan C : Above 2222, no fresh position.
Plan D : Below 2209, 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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