Monday, September 3, 2018

04 September 2018

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Gold


Gold fell on Monday as the dollar remained firm on worries over intensifying Sino-U.S. trade tensions, especially after an impasse in trade talks between the United States and China.

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Plan A : Attempt buying if gold price able to hold firm above 1200.5
Plan B : Cut below 1192.4
Plan C : Consider selling if gold price fails to hold above 1200.5
Plan D : Cut above 1208.5


HSI/HSI Warrant

Hong Kong shares ended lower on Monday, tracking regional weakness as fears over further escalation of the U.S.-China trade war and signs of slowing manufacturing growth in China hit investor sentiment. 

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Plan A : Above 27718, do nothing
Plan B : Below 27597, do nothing
Plan C : Attempt buying if market supported well above 27632
Plan D : Cut below 27552
Plan E : Consider selling if market fails to breach above 27718
Plan F : Cut above 27787


FKLI

FKLI created selling pressure yesterday on the first trading day of September from the window dressing effect as there was a gap of 13-points from the settlement price of August contract to the opening price of September contract. Again. the intraday trend has been haywired at this moment due to the gap, however the market trend is also shaky now and time is needed to further observe the current market trend. 

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Plan A : Attempt buying if market declines but still holds firm above 1800
Plan B : Cut below 1797
Plan C : Consider selling only if market fails to break above 1810
Plan D : Cut above 1813


FCPO

FCPO gradually trending upwards after stabilizing above 2230's on Monday morning. Dalian is rather strong this morning while Ringgit nailed against the greenback at RM4.13.

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Plan A : Buy if market retraced but supported above 2265. Targets are 2296 and 2316.
Plan B : Sell only if market failed to support above 2265. Targets are 2257 and 2235.
Plan C : Above 2275, no fresh position.
Plan D : Below 2255, 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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