FKLI

U.S. stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve before the end of the year. Hong Kong stocks slipped on Friday, pulled down by consumer and energy shares as investors locked in gains ahead of a long weekend and U.S. job data that could give clues on when the Federal Reserve hikes interest rates. Markets in Hong Kong, Japan and Taiwan will be shut for public holiday today while China markets will reopen after a week off. 

FKLI made a last minute push on Friday after hovering around 1662-1663 for most of the day. Another firm hold above 1663 today would entice more buyers into market despite market still caught in a range trading pattern. A clear break out above 1672 would act as the booster for market to move higher. Otherwise, FKLI is expected to remain in a consolidation mode.

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Plan A : Attempt buying if market stays firm above 1663

Plan B : Cut below 1659

Plan C : Consider selling only if market surges but fails to breach above 1672

Plan D : Cut above 1675

FCPO

Dalian resumed trading today after off for one week in conjunction with Golden Week holiday. Bean and Dalian are both down at this moment with RM trading at 4.1461 against USD. Selling pressure were felt last Friday with FCPO closing at almost day's low. Any rebound could present a selling opportunity today as long as market stays below 2592.

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Plan A : Sell if market rebounds but resisted around 2592. Targets are 2573, 2566, 2550 and 2533.

Plan B : Buy if market supported well above 2550 and rebound. Targets are 2566, 2573 and 2592.

Plan C : Above 2592, do nothing

Plan D : Below 2533, do nothing

*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.