HSI Futures
U.S. stocks closed slightly higher on Tuesday but trading was in a narrow range with financial stocks providing the biggest boost ahead of the conclusion of the Federal Reserve’s two-day policy meeting.
Hong Kong stocks dipped on Tuesday as traders awaited the Federal Reserve’s policy meeting this week and as recent China economic data kept risk appetite subdued, defying Wall Street’s bullish lead.
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Plan A : Above 28226, do nothing
Plan B : Below 28020, do nothing
Plan C : Attempt buying if market trades firmly above 28058
Plan D : Cut below 28020
Plan E : Consider selling if market surges but fails to breach above 28226
Plan F : Cut above 28260
FKLI
Heavy profit taking sent FKLI to close almost at day's low level yesterday. Market should be seeing support around current level now if it were to prevent itself from falling into bearish territory. A successful close above 1772.5 would be enough to reinstall confidence. Otherwise, more selling can be expected.
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Plan A : Attempt buying if market trades firmly above 1772.5
Plan B : Cut below 1768.5
Plan C : Consider selling if market rebound but fails to breach above 1779
Plan D : Cut above 1782
FCPO
FCPO was depressed by seller after the rebound attempt to 2822 on Tuesday. Prices slumped to 2766 near closing and settled at 2767 for the close. Dalian and soybean oil are mixed today while Ringgit stays at RM4.19 against the greenback.
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Plan A : Buy if market supported above 2767. Targets are 2785 and 2800.
Plan B : Sell if market rebounded and resisted around 2800. Targets are 2789, 2779 and 2752.
Plan C : Above 2800, no fresh position.
Plan D : Below 2767, 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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