Tuesday, December 11, 2018

12 December 2018

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Gold

Gold held steady near a five-month peak on Tuesday as fading expectations of further interest rate hikes in the United States burnished the appeal of non-interest-bearing bullion.

Meanwhile palladium was trading at a premium to gold, with prices of the autocatalyst metal rising more than 2 percent after President Donald Trump said on Twitter that China had agreed to cut import tariffs on American-made cars.  


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Plan A : Buy if market supported above 1241.40. Targets are 1248 and 1255.
Plan B : Sell if market failed to support above 1241.40. Targets are 1235 and 1229.
Plan C : Above 1246, no fresh position.
Plan D : Below 1236, no fresh position.



HSI/HSI Warrant


The S&P 500 and Dow ended a volatile session down slightly on Tuesday as investor optimism over China-U.S. trade talks was offset by U.S. President Donald Trump’s threat to shut down the U.S. government and by political uncertainty in Britain.

Hong Kong stocks clawed back early losses to end higher on Tuesday as Beijing confirmed that it is still in trade talks with Washington, but global anxiety over trade, Brexit and the arrest of a senior Huawei executive limited gains.

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Plan A : Attempt selling if market stays below 25733
Plan B : Cut above 25803
Plan C : Consider buying if market supported and rebounds from 25753
Plan D : Cut below 25686


FKLI


FKLI finally had a breakthrough and declined to 1647 yesterday as the global markets turn weaker due to the further tension raised between U.S. and China. The market attempted to rebound but still failed to sustain above 1650's before it closed at 1648.5.

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Plan A : Attempt selling if market stays below 1657

Plan B : Cut above 1661
Plan C : Consider buying if market still  supported and rebounds from 1648.5
Plan D : Cut below 1644



FCPO
FCPO retreated back to 2001 after one-day glory to 2049. Market is still erratic at the moment and yet to breakthrough the clouds for a trend. Dalian and soybean oil are mixed today while Ringgit stays weak at RM4.18 against the greenback.


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Plan A : Buy if market supported firm above 2017. Targets are 2033 and 2048.
Plan B : Sell if market failed to support above 2017. Targets are 2002 and 1981. 
Plan C : Above 2027, no fresh position.
Plan D : Below 2007, 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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