HSI Futures
U.S. stocks dropped for a second straight day on Friday following another drop in oil prices and renewed worries about the global economy. The Federal Open Market Committee will begin a two-day policy meeting on June 14, with many market watchers not expecting a rate hike after a sharply lower than expected U.S. jobs report cast fresh doubts over the economy's health.
Hong Kong stocks suffered their biggest one-day drop in more than three weeks on Friday as traders were rattled by a report that billionaire investor George Soros, a noted China sceptic, was making big, bearish bets again.
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Plan A : Above 21008, do nothing
Plan B : Below 20767, do nothing
Plan C : Attempt selling if market rebounds but fails to break above 20916
Plan D : Cut above 21008
Plan E : Consider intraday buying if market holds resiliently above 20767 and rebounds
Plan F : Cut below 20767
FKLI
FKLI continued to head south after failing to stand firm above 1640 level. Another lower opening can be expected today after the triple digits fall from Friday's Dow. Next support at 1623.5 would likely be challenged this coming days. Failure to hold above would see market heading towards 1609.5 next.
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Plan A : Attempt selling if market stays below 1636
Plan B : Cut above 1641
Plan C : Consider intraday buying if market test 1623.5 and rebounds
Plan D : Cut below 1619
FCPO
FCPO rebounded to 2605 on Friday, retraced to low of 2576. Dalian and soybean oil are leaning at positive region while Ringgit stays at RM4.10 weaken against the greenback.
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Plan A : Sell if market rebounded and resisted around 2595. Targets are 2576 and 2542.
Plan B : Buy if market supported above 2576. Targets are 2595, 2609 and 2626.
Plan C : Above 2595, no fresh position.
Plan D : Below 2576, 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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