HSI Futures
Wall Street posted solid gains on Thursday as higher oil prices reduced fears that banks could be hit by debt defaults and investors saw opportunities after weeks of volatility.
China stocks tumbled more than 6 percent on Thursday, their biggest one-day loss in a month, as investors booked profits after the market's recent rebound and awaited policy cues from global leaders gathering in Shanghai for a G20 meeting.
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March month contract:
Plan A : Above 19098, do nothing
Plan B : Below 18696, do nothing
Plan C : Attempt selling if market stays below 18949
Plan D : Cut above 19098
Plan E : Consider buying if market trades firmly above 18876 and triggers a buy
Plan F : Cut below 18876
FKLI
Market still closed at a premium to cash market despite weakness in the regional markets yesterday. It looks likely that market will hold firm for the rest of this month regardless what happens in the global markets. Sellers are advised to sell on strength rather than chasing at a low price.
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Plan A : Sell if market rebounds but fails to break above 1671.5
Plan B : Cut above 1674.5
Plan C : Attempt buying if market holds firm above 1662
Plan D : Cut below 1659
FCPO
FCPO gradually supported up for almost the whole day until some selling pressure came in at the final hour before the close. Dalian and soybean oil are slightly up but insignificant while Ringgit hovers around RM4.19 to RM4.22 against the greenback.
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Plan A : Wait for consolidation. Buy if market could support above 2529. Targets are 2554, 2565 and 2573.
Plan B : Sell if market rebounded and resisted around 2545. Targets are 2521, 2515 and 2504.
Plan C : If market could not support above 2529 but stay above 2500, trade the consolidation range. The range will be known only after market started running.
Plan D : Above 2554, no fresh position.
Plan E : Below 2500, 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.
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