Thursday, April 25, 2019

26 April 2019

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GOLD

Gold inched higher on Thursday as weak economic data rekindled fears over global growth, while bullion's recovery from four-month lows and an improved technical picture prompted some investors to cover their short positions.

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Plan A : Attempt buying if gold trades resiliently above 1277.2
Plan B : Cut below 1273
Plan C : Consider selling if gold fails to hold above 1277.2
Plan D : Cut above 1283.6



HSI/HSI Warrants

The S&P 500 ended Thursday’s session slightly lower as a dive in industrials stocks and concerns about slowing global growth overshadowed gains in Facebook Inc and Microsoft Corp.

The Chinese stock market dropped to its lowest in more than three weeks on Thursday, hurt by the central bank’s attempts to temper market expectations for more policy easing and concerns over economic recovery prospects.

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Plan A : Above 29779, no fresh position.
Plan B : Below 29307, no fresh position.
Plan C : Buy if market sustains firmly above 29499. Targets are 29555 and 29595.
Plan D: Cut below 29405.
Plan E : Sell if market fails to breach above 29499. Targets are 29445 and 29405. 
Plan F : Cut Above 29580. 


FKLI

FKLI still failed to breach above 1637 and started showing a little clearer direction to the traders as it gradually declined and closed below 1630's yesterday. The market will be more convincing if it stays below 1625 today.

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Plan A : Attempt buying if FKLI declines but does not break below 1617.5.
Plan B : Cut below 1614.
Plan C : Consider selling if FKLI stays below 1625.
Plan D : Cut above 1628.


FCPO

FCPO rebounded to 2179 on Thursday later pressurized by the seller towards the close. Market resume with the downwards momentum today and visited 2116, breaking the 2140's support. Dalian and soybean oil are weak while Ringgit stays at RM4.13 against the greenback.

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Plan A : Buy only if market supported firm above 2123. Targets are 2137 and 2150.
Plan B : Sell if market failed to support above 2123. Targets are 2108 and 2091.
Plan C : Above 2130, no fresh position.
Plan D : Below 2116, 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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