FKLI

FKLI seems like unable to hold firm above 1800's despite it peaked at 1810.5 yesterday as it gradually declined and closed below 1800's at 1799. The selling pressure when the market failed to further surge after the peak, and at the same time buyers chose to exit the market by taking profit. The market is indeed already overbought, hence a correction is necessary to give a clearer signal to the traders. We shall wait and see what a market trend will be for today.

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Plan A : Attempt long if market declines but supported well above 1796; targets at 1801 and 1806.
Plan B : Cut below 1791.
Plan C :  Attempt short if market climbs but fails to break above 1805. Targets are 1800 and 1795.
Plan D : Cut above 1808.

FCPO

FCPO moved in a tight trading range of 2241-2257 before settling at 2246 yesterday. Dalian and soybean oil are pretty neutral today with a slight downward bias while RM stood at 4.077 against the greenback.

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Plan A : Buy if market corrects but holds firmly above 2233. Targets are 2245, 2254 and 2263

Plan B : Sell if market fails to support above 2233. Targets are 2222 and 2216.

Plan C : Above 2254, no fresh position

Plan D : Below 2222, 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.