GOLD
Gold prices inched up on Wednesday to their highest in a week as the dollar weakened and equities dropped after U.S. President Donald Trump said he would push ahead with punitive tariffs on imports, rekindling fears of a potential trade war.
Spot gold rose 0.1 percent to $1,335.02 per ounce by 0314 GMT, having hit $1,340.42 an ounce earlier in the session, its highest since Feb. 26.
U.S. gold futures for April delivery rose 0.1 percent to $1,336.30 per ounce.
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Plan A : Buy if market supported above 1832.8. Targets are 1342 and 1354.
Plan B : Sell if market failed to support above 1832.8. Targets are 1822 and 1813.
Plan C : Above 1835, no fresh position.
Plan D : Below 1829, no fresh position.
HSI
U.S. stocks eked out a small gain on Tuesday after a choppy session as investors worried about the prospects of a trade war due to mixed signals from Washington on whether U.S. President Donald Trump would follow through with proposed tariffs. Trump reiterated his plan to slap hefty import tariffs on steel and aluminum saying “trade wars aren’t so bad” even as lawmakers such as Senate Majority Leader Mitch McConnell stepped up calls to scrap the proposal.
Hong Kong shares rebounded sharply on Tuesday, as Asian markets regained ground amid signs U.S. President Donald Trump is facing growing pressure from political allies to pull back from proposed steel and aluminium tariffs.
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Plan A : Above 30288, do nothing
Plan B : Below 30076, do nothing
Plan C : Attempt selling if market stays trading below 30280
Plan D : Cut above 30350
Plan E : Consider buying only if market manage to hold firm above 30103
Plan F : Cut below 30006
FKLI
FKLI gapped up for 10-points at opening yesterday, and then traded between 5-points range, between 1845-1850 for the whole session. Today, traders are advised to be extremely cautious as Dow currently plunges for more than 400-points as the White House chief economic advisor had resigned due to a decision by President Donald Trump to impose stiff tariffs on steel and aluminum imports.
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Plan A : Attempt selling if market trades below 1842
Plan B : Cut above 1845
Plan C : Consider buying if market supported above 1822
Plan D : Cut below 1819
FCPO
FCPO had roller-coaster ride on Tuesday with low of 2455 and rebounded to high of 2494. Dalian and soybean oil are slightly weak today while Ringgit stays at RM3.90 against the greenback.
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Plan A : Buy only if market supported above 2479. Targets are 2508 and 2528.
Plan B : Sell if market rebounded and resisted around 2479. Targets are 2453 and 2433.
Plan C : Above 2489, no fresh position.
Plan D : Below 2469, 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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