HSI Futures

U.S. stocks ended a volatile session with modest gains on Wednesday after minutes from a U.S. Federal Reserve meeting indicated that the central bank remained on track for a interest rate hike this year.

Chinese investors, for the first time, used the entire 10.5 billion yuan ($1.7 billion) daily quota in a cross-border programme buying Hong Kong stocks, boosting turnover under the Shanghai-Hong Kong Stock Connect to a record. The buying boosted the Hang Seng Index 3.8 percent to its highest level in nearly seven years. The Hang Seng China Enterprises Index of Hong Kong-listed mainland companies was up 5.8 percent for the day, hitting a four-year high.

Plan A : Above 26293, do nothing

Plan B : Below 25947, do nothing

Plan C : Attempt selling if market fails to break above 26293 and retrace below 26200

Plan D : Cut above 26293

Plan E : Consider buying only after corrects and consolidates well, possibly around 25947

Plan F : Cut below 25859

FKLI

Malaysia market went through some correction yesterday despite firmer regional markets. Market is still deemed to be firm as long as market stays firm above 1840.

Plan A : Take opportunity to go long if market were to further correct and hold firm above 1840 today

Plan B : Cut below 1832

Plan C : Intraday selling to be considered if market were to rebound but fails to surge beyond 1852.5

Plan D : Cut above 1855

FCPO

FCPO failed to hold on to an uptrend and eventually headed down South yesterday. Dalian and soybean oil are down while Ringgit strengthen slightly at RM 3.62 against the US Dollar.

Plan A : Overnight seller hold on to position. Resistance is looking at 2193. Target is 2143 and 2104.

Plan B : Buyer may stay out today.

Plan C : Intraday investor may sell at rebound. Resistance is looking at 2174 and 2184. target is looking at 2143 and 2128.

Plan D : Above 2190, do nothing.

Plan E : Below 2150, do nothing. 

 

*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.