Monday, December 10, 2018

11 December 2018

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Gold

Gold edged lower on Monday as the dollar firmed, but stock market volatility and chances of a slower pace of U.S. interest rate hikes in 2019 kept bullion close to a 5-month peak scaled earlier in the session.

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Plan A : Remain buying as long as gold stays firm above 1243.9
Plan B : Take profits if gold price fails to hold above 1243.9
Plan C : Consider selling if gold trades consistently below 1243.9
Plan D : Cut above 1251




HSI/HSI Warrant


U.S. stocks ended a volatile session slightly higher on Monday, helped by gains in technology shares, though uncertainty over Britain’s exit from the European Union kept investors on edge about global growth.

Hong Kong shares ended lower for a fourth consecutive session on Monday, weighed down by disappointing trade and inflation data from China, and as the arrest of a senior Huawei executive threatened to derail a fragile Sino-U.S. trade truce. 

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Plan A : Attempt selling if market stays below 25713
Plan B : Cut above 25803
Plan C : Consider buying if market supported and rebounds from 25747
Plan D : Cut below 25652


FKLI


FKLI failed to break below 1660 for several attempts yesterday despite the market was indeed weak due to the global market fear. Investors are all aware of the raised tension from the trade war as well as the uncertainties in the EU and Britain.

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Plan A : Attempt selling if market stays below 1669

Plan B : Cut above 1673
Plan C : Consider buying if market still  supported and rebounds from 1660
Plan D : Cut below 1656


FCPO

FCPO stabilized and nailed its footing at 1985 before the surge to high of 2049 towards the closing hour. Dalian and soybean oil are weak today while Ringgit dropped to RM4.17
against the greenback.

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Plan A : Buy if market supported firm above 2005. Targets are 2027 and 2038.
Plan B : Sell if market failed to support above 2005. Targets are 1990 and 1981.
Plan C : Above 2015, no fresh position.
Plan D : Below 1995, 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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