GOLD
Gold prices eased on Monday as the U.S. dollar gained some lost ground and continued gains in equities weighed on the bullion.
However, the yellow metal hovered near a 17-month high hit last week as the greenback hit a three-year low after U.S. Treasury secretary Steven Mnuchin backed a weaker currency.
Spot gold was down 0.1 percent at $1,348.10 per ounce, as of 0525 GMT.
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Plan A : Buy if market supported above 1345. Targets are 1351 and 1356.
Plan B : Sell if market rebounded and resisted around 1352. Targets are 1345 and 1338.
Plan C : Above 1352, no fresh position.
Plan D : Below 1345, no fresh position.
HSI
The latest round of strong earnings reports, including from Intel and AbbVie , along with continued weakness in the dollar lifted each of the major Wall Street indexes to closing records on Friday.
Hong Kong’s benchmark index Hang Seng ended Friday at a record high, capping its seventh week of gains, amid optimism toward global economic recovery and accelerated money inflows from mainland China.
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Plan A : Above 33257, do nothing
Plan B : Below 33154, do nothing
Plan C : Attempt selling if market fails to breach above 33257
Plan D : Cut above 33323
Plan E : Consider buying if market stays firm above 32975
Plan F : Cut below 32926
FKLI
Market gapped up upon opening on last Friday, and increased gradually to break above 1850's, and peaked at 1857.5 before it settled at 1855, despite the market is already overbought. Buyers are boosted with confidence with strong cash market and regionals, but still, buyers are asked to be cautious as there could be a retracement for the market to react to the overbought in the market.
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Plan A : Attempt buying if FKLI holds firm above 1847.5
Plan B : Cut below 1845
Plan C : Consider selling only if market fails to breach above 1858.5 and retrace
Plan D : Cut above 1860
FCPO
FCPO dived down to 2478 on Friday after failing to breach across 2506. Dalian and soybean oil are positive while Ringgit stays strong at RM3.86 against the greenback.
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Plan A : Buy if market supported above 2502. Targets are 2537 and 2571.
Plan B : Sell if market rebounded and resisted around 2537. Targets are 2515 and 2495.
Plan C : Above 2537, no fresh position.
Plan D : Below 2502, 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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