Wednesday, November 28, 2018

29 November 2018

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Gold

Gold jumped from near a two-week low on Wednesday after U.S. Federal Reserve Chair Jerome Powell said interest rate were "just below" neutral, soothing investor worries over the pace of rate hikes.


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Plan A : Attempt selling if gold price fails to breach and stays firm above 1222.1
Plan B : Cut above 1228.7
Plan C : Consider buying only if gold price trades resiliently above 1222.1
Plan D : Cut below 1214.1


HSI/HSI Warrant


Wall Street rallied on Wednesday, multiplying its gains as investors bet on a moderation in the pace of U.S. monetary policy tightening after comments from Federal Reserve Chair Jerome Powell.

Hong Kong shares closed higher on Wednesday, with tech giant Tencent Holdings driving gains after its shares jumped on plans to roll out mobile payment services in Japan.

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Plan A : Attempt selling if market stays below 27005
Plan B : Cut above 27095
Plan C : Consider buying if market supported firm above 26669
Plan D : Cut below 26572


FKLI

FKLI traded within tight range yesterday as both buyers and sellers were unclear with the market direction and hence resulting their reluctant in entering the market. However, the market today may show some lights to the traders as the overnight Dow Jones multiplied its gains by closed high for more than 600-points and Nasdaq closed higher for 200-points, which may lead a rise in the Asian markets and our market too.

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Plan A : Attempt selling if market surges but still fails to break above 1709

Plan B : Cut above 1712
Plan C : Consider buying if market supported firmly above 1697
Plan D : Cut below 1694


FCPO

FCPO surged after its footing at 1966 on Wednesday. Dalian and soybean oil are mixed while Ringgit slightly rebounded against the greenback at RM4.18. 

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Plan A : Buy if market supported firm above 2005. Targets are 2024 and 2032.
Plan B : Sell if market rebounded but resisted above 2024. Targets 2002 and 1989.
Plan C : Above 2024, no fresh position.
Plan D : Below 2005, 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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