Sunday, November 4, 2018

05 November 2018

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Gold



Gold slipped on Friday as the U.S. dollar regained some ground on the back of strong American job data, putting the metal on track for its first weekly loss in five weeks.

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Plan A : Attempt selling if gold price fails to breach and stays firm above 1234.9
Plan B : Cut above 1238
Plan C : Consider buying if gold price retrace but supported well above 1229

Plan D : Cut below 1222.1


HSI/HSI Warrant

U.S. stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over U.S.-China trade talks.

Chinese stocks rose on Friday on hopes of a wind-down in trade tensions after U.S. President Donald Trump said he had a “very good” phone conversation with Xi Jinping and that trade talks with the country were “moving along nicely”.


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Plan A : Attempt selling if market fails to surge above 26818
Plan B : Cut above 26900
Plan C : Consider buying if market supported well from 26137
Plan D : Cut below 26060


FKLI

FKLI opened high at 1713 on last Friday but declined to day's low at 1706 before it gap up in second session and surged above 1720's. The market closed the gap between Thursday's closing and Friday's opening, and sustained well above the support levels partially thanks to the positive tweets from Trump towards the possible trade war deals with China. 


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Plan A : Attempt buying if market supported well above 1713
Plan B : Cut below 1709
Plan C : Consider selling if market surges but fails to break above 1729
Plan D : Cut above 1732



FCPO


Bean and Dalian moved in an opposite direction last Friday night with RM stood at 4.1656 against the greenback. FCPO is expected to open slightly lower with support seen at 2132.

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Plan A : Sell if market fails to support above 2151. Targets are 2142 and 2132.
Plan B : Buy only if market supported above 2132. Targets are 2142 and 2151.
Plan C : Above 2151, no fresh position
Plan D : Below 2132, 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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