HSI Futures

U.S. stocks closed lower on Friday for the second straight day, as concerns, ranging from a decline in crude oil prices to the global response to the Federal Reserve's interest hike, weighed down the market.

Hong Kong stocks ended Friday slightly lower, as many sectors corrected after the previous session's relief rally following the long-expected U.S. interest rate hike.

Plan A : Above 22065, do nothing

Plan B : Below 21660, do nothing

Plan C : Attempt buying if market holds firm above 21875

Plan D : Cut below 21705

Plan E : Consider intraday selling if market gaps up but fails to break above 22065

Plan F : Cut above 22150

FKLI

Although market managed to close above 1641 level yesterday, it will be under threat again once again today after Friday's Dow lost 367-points. FKLI is expected lower today, possibly below immediate support level of 1637. Failure to regain footing above this level would see market heading towards 1630 and 1621.5 next.

Plan A : Attempt selling if market stays below 1637

Plan B : Cut above 1644

Plan C : Intraday buying to be considered only if market test 1621.5 and rebound

Plan D : Cut below 1617

FCPO

FCPO slowly supported upwards after touching the ground at 2370. Dalian and overnight soybean oil are trading at positive range while Ringgit stays at RM4.30 against the greenback. Market has not shown a concrete direction as yet but it has been stabilized above 2360's level and it might have a chance to breakthrough if today closing could stay above 2417. Failure to do so may risk the prices back to the consolidation range. 

Plan A : Sell if market rebounded and resisted at 2417 or 2431. Targets are 2405 and 2393.

Plan B : Wait for market to consolidate. Buy if market supported above 2393. Targets are 2431 and 2461.

Plan C : Above 2430, no fresh position.

Plan D : Below 2390, 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.