HSI Futures

Dow slumped sharply since opening as oil hit new low while S&P 500 and Nasdaq also slipped 1% & 2% respectively.

Hang Seng continue with downtrend last Friday, after a long consolidation since October. With the bad performance from U.S. stocks, it is likely for Asian markets to open lower.

Plan A : Fresh seller may sell if market could rebound and resist at 21377. Targets are 20919 and 20777.

Plan B : Overnight seller hold on to position. Resistance is looking at 21709. Targets are 21047, 20919 and 20777.

Plan C : Buyer may wait for market to stabilize before entering. May try buy if market form a support during trading. Support may be around 20919 or 20777 depending on the market reaction. Targets are 21377 or 21660.

Plan D : Above 21600, no fresh position.

Plan E : Below 21200, no fresh position.

FKLI

FKLI gap-down in the morning due to the oil prices impact. Market was on sell trend since few days ago, with the dive in oil, market continue to move down.

Plan A : Buyer may stay out.

Plan B : Sell if market could rebound and resist at 1623.5. Targets are 1606.

Plan C : Above 1624, no fresh position.

Plan D : Below 1615, no fresh position.

FCPO

FCPO surged after supporting at 2382 on Friday. Market might be on its way up this round after the correction. Dalian and soybean oil are slightly mixed today while Ringgit further weaken to RM4.32 against the greenback.

Plan A : Overnight buyer may hold on to position if market support above 2396. Targets are 2449, 2471 and 2531.

Plan B : Buy if market support above 2413. Targets are 2434 and 2471.

Plan C : Seller can only sell if market resist around 2434 or 2449. Targets are 2415, 2406 and 2396

Plan D : Above 2440, no fresh position.

Plan E : Below 2410, 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.