HSI Futures

Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's U.S. payrolls report for July.

Hong Kong shares joined a global market rally as a rebound in oil prices improved risk appetites. Market players will also likely be wary ahead of the key July nonfarm payrolls report in the U.S. due Friday morning local time. Overnight, the Bank of England cut rates for the first time in over seven years, slashed growth forecasts and launched a new monetary policy weapon in a bid to stop a post-Brexit slump in the U.K.

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Plan A : Above 21969, do nothing

Plan B : Below 21685, do nothing

Plan C : Attempt buying if market holds firm above 21770

Plan D : Cut below 21685

Plan E : Consider selling if market opens gap up but fails to break above 21918

Plan F : Cut above 21969

FKLI

Market traded above 1648 for most of the day yesterday, killing many sellers who sold at low levels. Market no doubt still within a sell signal but refusal to move down sooner will see many impatient sellers cutting their losses. Any surge beyond 1655 today would likely prompt exits of sellers and push market higher for close. Otherwise, A close below 1648 would bring comforts for sellers over the weekend. 

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Plan A : Sell if market stays below 1655

Plan B : Cut above 1659

Plan C : Consider buying only if market stays resiliently above 1648

Plan D : Cut below 1644

FCPO

FCPO continue to sky-rocket to 2454 on Thursday and it eventually ended slightly off high. Dalian and soybean oil are lying at negative territories while Ringgit stays at RM4.03 against the greenback.

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Plan A : Sell if market resisted around 2436. Targets are  2403, 2387 and 2378.

Plan B : Buy if market supported above 2403. Targets are 2420, 2429, 2437, 2358 and 2370. 

Plan C : Above 2436, no fresh position.

Plan D : Below 2403, 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.