GOLD
Gold was steady on Friday as the dollar and stocks fell on a delay to U.S. tax reforms but the previous metal was still poised to end the week lower.
Spot gold was barely changed at $1,274.86 an ounce at 11.06 a.m. ET. The precious metal is down 1 percent this week. U.S. gold futures for December delivery gained 0.2 percent to $1,279.10.
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Plan A : Sell if market rebounded and resisted around 1275. Targets are 1260 and 1256.85.
Plan B : Buy only if market supported firm above 1275. Targets are 1284 and 1290.
Plan C : Above 1280, no fresh position.
Plan D : Below 1270, no fresh position.
HSI Futures
Wall Street fell modestly on Friday, whipsawed by developments with a probe into Russia’s involvement in the U.S. election as well as with progress on a tax bill in Congress.
Hong Kong stocks fell on Friday, with the benchmark Hang Seng Index posting its biggest weekly loss in 11 months as investors booked profits from this year’s robust rally. Losses in mainland China stocks also pressured Hong Kong this week as regulators in Beijing continue to clamp down on riskier types of activity to reduce systemic risks in the financial system.
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Plan A : Above 29124, do nothing
Plan B : Below 28804, do nothing
Plan C : Consider selling if market trades consistently below 28998
Plan D : Cut above 29053
Plan E : Consider buying if market stays resilient above 28873
Plan F : Cut below 28818
FKLI
FKLI again traded within consolidation stages, by dipping to 1717.5 and then hiked to 1725 before closing at 1724. Market today we may expect it to open higher as Dow Futures rose more than 200 points and it is still going high.
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Plan A : Attempt selling if market surges but resisted at 1731
Plan B : Cut above 1733
Plan C : Consider buying if market stays firm above 1726
Plan D : Cut below 1723
FCPO
FCPO finally stood firm above 2590's and settled almost day high at 2603 on Thursday. Dalian and soybean oil are positive today while Ringgit inched at RM4.08 against the USD.
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Plan A : Buy if market supported above 2604. Targets are 2626 and 2653.
Plan B : Sell only if market failed to support above 2626. Targets are 2612 and 2586.
Plan C : Above 2626, no fresh position.
Plan D : Below 2604, 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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