GOLD
Gold prices turned positive on weakness in equity markets after touching their lowest in more than two weeks on Monday ahead of a U.S. central bank meeting that could raise interest rates and signal three more increases this year.
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Plan A : Attempt selling if gold prices rebound but fails to breach above 1321.3
Plan B : Cut above 1325.9
Plan C : Consider buying only if gold price holds firmly above 1316.8
Plan D : Cut below 1311.2
HSI
U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares.
Hong Kong stocks were barely changed on Monday as investors await Fed Chair Jerome Powell’s first press conference on Wednesday amid expectations of a faster pace of U.S. rate hike.
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Plan A : Above 31413, do nothing
Plan B : Below 30823, do nothing
Plan C : Attempt buying if HSI trades firmly above 31098
Plan D : Cut below 31018
Plan E : Consider selling if market consistently trade below 31413
Plan F : Cut above 31499
FKLI
FKLI recovered by rebounded aggressively despite the weak Dow and regionals. It rebounded from day's low 1838.5 to the tip at 1848.5 and then stay flattened the whole day to close at 1844. The market now is showing a minor selling signal, and with the overnight Dow which closed down for about 335 points, we shall see if the supports able to stay firm above 1840's.
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Plan A : Attempt buying if market holds firm above 1830
Plan B : Cut below 1827
Plan C : Consider selling only if market trades below 1841.5
Plan D : Cut above 1845
FCPO
FCPO flattened on Monday where low remain at 2407 since opening, later settled at 2425. Dalian and soybean oil are weak today while Ringgit hovers at RM3.91 against the greenback.
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Plan A : Buy if market supported firm above 2402. Targets are 2423 and 2439.
Plan B : Sell if market rebounded and resisted around 2423. Targets 2402 and 2385.
Plan C : Above 2423, no fresh position.
Plan D : Below 2402, 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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