HSI Futures
Wall Street dipped on Friday as oil price declines weighed on energy shares and Apple dragged on the market, but major indexes still posted gains for the week.
Hong Kong's benchmark index dipped on Friday, snapping a seven-day winning streak, after Chinese gross domestic product data met forecasts. All eyes were on Doha summit but no output freeze and no agreement being made at this point in time, causing crude oil to tumble by 5%.
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Plan A : Above 21549, do nothing
Plan B : Below 21173, do nothing
Plan C : Attempt selling if market stays below 21300
Plan D : Cut above 21360
Plan E : Consider buying if market gap down and rebounds from 21173
Plan F : Cut below 21173
FKLI
Market was holding well, only to give way at the very last minutes on Friday. Market is expected to open gap down today after the disappointments in Doha. Investors however, are advised to wait for rebound before initiating any sell to avoid being caught selling too low.
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Plan A : Attempt selling on rebound, possibly around the 1717.5 level
Plan B : Cut above 1721.5
Plan C : Consider intraday buying only if market gap down and holds resiliently above 1709.5
Plan D : Cut below 1705.5
FCPO
FCPO began with a breakdown on Friday but turn-around towards the second session after triggering low at 2621. Dalian and overnight soybean oil are staying at negative territories while Ringgit weakened against U.S. Dollar at RM3.94.
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Plan A : Sell if market rebounded and resisted around 2649. Targets are 2629, 2605 and 2590.
Plan B : Buy if market supported above 2629. Targets are 2652 and 2663.
Plan C : Above 2652, no fresh position.
Plan D : Below 2629, 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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