HSI Futures

U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table.

Hong Kong shares fell on Wednesday, following mainland China shares lower after a bout of late afternoon profit taking.

Nov contract:

Plan A : Above 23150, do nothing

Plan B : Below 22886, do nothing

Plan C : Attempt buying if market holds firm above 23038

Plan D : Cut below 22979

Plan E : Consider intraday sell if market gaps up but fails to break above 23150

Plan F : Cut above 23202

FKLI

Market as expected, further consolidated despite some signs of weakness. Sellers were warned not to be over bearish as market look likely to rebound today after a strong gain from overnight Dow. Weak RM could cap any strong gains from FKLI today but eager sellers will be better off wait for a higher level to sell rather than jumping into the market carelessly. 

Plan A : Attempt buying if market holds firm above 1694

Plan B : Cut below 1687

Plan C : Consider selling if market surges but fails to break above 1706

Plan D : Cut above 1713

FCPO

FCPO was quiet on Wednesday after a quick correction to 2299 in the morning. It only started to move at later session to high of 2343. Dalian and soybean oil are on slight upside while Ringgit weakened to RM 4.29 against the US Dollar.

Plan A : Intraday investor may buy if market could support above 2343. Target is 2371.

Plan B : Seller may sell if market could rebound and resist at 2371. Targets are 2330, 2312 and 2295.

Plan C : Above 2370, do nothing.

Plan D : Below 2290, 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.