Wednesday, March 6, 2019

07 March 2019

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Gold

Gold steadied on Wednesday just above a five-week low touched in the last session as the dollar retreated slightly and stocks edged lower, with investors awaiting further signals on the health of global economy.

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Plan A : Attempt buying if gold price stays firm above 1281
Plan B : Cut below 1276
Plan C : Consider selling if gold price surges but fails to breach above 1291
Plan D : Cut above 1300.2


HSI/HSI Warrants

Wall Street's main stocks indexes fell for a third session on Wednesday as healthcare and energy shares slumped and investors sought reasons to buy after the market's strong rally to start the year.

Hong Kong shares rose on Wednesday bolstered by optimism Beijing will pursue more stimulus measures this year to prop up a cooling economy, while investors watched for developments in the Sino-U.S. trade talks.

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Plan A : Above 29090, do nothing
Plan B : Below 28836, do nothing
Plan C : Attempt selling if HSI trades consistently below 28970
Plan D : Cut above 29020
Plan E : Consider buying if HSI stays resiliently above 28970
Plan F : Cut below 28930


FKLI

FKLI remained weak yesterday with market closing at day's low level. Market is expected to open little changed today despite a triple digit fall in overnight Dow. A temporary bottom could be form if FKLI able to stay firm above 1675.5 today.

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Plan A : Consider buying if FKLI stays firm above 1675.5
Plan B : Cut below 1670.5
Plan C : Consider selling if FKLI rebounds but fails to breach above 1683
Plan D : Cut above 1688.5

FCPO

FCPO hovered around 2170's to 2140's on Wednesday and today it opened slightly down with high at 2152 and low at 2143 during mid of first session. Dalian and soybean oil are weak today while Ringgit stays at RM4.08 against the greenback.

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Plan A : Sell if market failed to support above 2153. Targets are 2134 and 2120.
Plan B : Buy only if market supported firm above 2153. Targets are 2166 and 2180.
Plan C : Above 2163, no fresh position.

Plan D : Below 2143, 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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