Sunday, October 14, 2018

15 October 2018

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Gold


Gold fell on Friday, retreating from more than two-month highs hit in the previous session, as global equity markets recovered some poise from dramatic losses.

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Plan A : Attempt selling if gold price fails to breach above 1222.1
Plan B : Cut above 1226.4
Plan C : Consider buying if gold price corrects and hold firm above 1214.1
Plan D : Cut below 1207.8


HSI/HSI Warrant

Wall Street indexes snapped a losing streak on Friday and technology stocks came roaring back after a week of blistering losses as investors looked for bargains ahead of earnings season even as worries about U.S.-China trade tensions lingered.

Shares in Hong Kong rebounded on Friday after a global equity market rout saw the Hang Seng index fall 3.5 percent a day earlier, but ongoing concerns about the prospects for global trade and economic growth continue to dampen sentiment.


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Plan A : Attempt selling if market stays below 25788
Plan B : Cut above 25830
Plan C : Consider buying if market tested and rebounds from 25487
Plan D : Cut below 25440



FKLI

Market staged a strong rebound last Friday, closing at day's high level of 1733. Market could be dicey today with Asian markets trading negative now despite 287-points gain in Friday's Dow. 

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Plan A : Attempt selling if market surges but fails to breach above 1741
Plan B : Cut above 1744
Plan C : Consider buying only if market corrects to 1719 and holds firm 
Plan D : Cut below 1713


FCPO
FCPO opened higher on Friday with low at 2179 and high at 2201. Dalian and soybean oil are positive while Ringgit stays at RM4.15 against the greenback.


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Plan A : Sell if market failed to support above 2219. Targets are 2197 and 2175.
Plan B : Buy if market supported firm above 2219. Targets are 2235 and 2247.
Plan C : Above 2229, 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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