HSI Futures
Wall Street gained for a fourth straight session on Tuesday, its longest winning streak since January, buoyed by the energy sector as oil prices rebounded from early declines.
Hong Kong stocks fell on Tuesday, ending three straight days of gains, as many investors cautiously watched a slide in China key indexes and ignoring firmer overseas markets after Greece struck a deal with creditors. Trading will be cautious today with China GDP data due to released at 10 am this morning.
Plan A : Above 25240, do nothing
Plan B : Below 24828, do nothing
Plan C : Consider selling if market fails to break above 25240 and retrace
Plan D : Cut above 25284
Plan E : Attempt buying if market holds firm above 25022
Plan F : Cut below 24828
FKLI
Market continued to remain resilient despite some minor scare in the afternoon open yesterday. Despite some minor turbulence, market is expected to stay firm as long as it hold above 1705.
Plan A : Attempt buying if market retrace but holds firm above 1710
Plan B : Cut below 1705
Plan C : Consider intraday sell if market once again fails to break above 1722
Plan D : Cut above 1728
FCPO
FCPO lost its earlier gain on Tuesday, settling at 2201 for the day as selling pressure exerted towards the eleventh hour. Overnight soybean oil is down US$0.34 while Dalian and current soybean oil are at slight positive reading. Slimming Ringgit remains at RM3.80.
Plan A : Overnight seller hold on to position. Resistance is looking at 2211. Target is 2164 and 2077.
Plan B : Intraday investor may sell if market resist at 2202 and 2197. Target is 2181 and 2164.
Plan C : Buyer may stay out of market.
Plan D : Above 2210, do nothing.
Plan E : Below 2160, 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.
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