Gold

FKLI

FKLI opened high in a gap on last Friday but still resisted before 1800's as the market peaked at 1798.5 and then gradually declined until it settled at 1792.5 for the September contract. Today, a brand new contract start as it is the first trading day for the October month. The market was somehow affected by the window dressing effect but it is still showing a selling signal for the intraday players as long as the market stays below 1801.

Plan A : Attempt selling as long as market fails to break above 1796
Plan B : Cut above 1801
Plan C : Consider buying only if market supported and rebounds from 1784
Plan D : Cut below 1779

FCPO

FCPO started off weak, later retreated to 2149 before a great rebound towards the closing hour. Dalian is closed today while soybean oil is slightly lying on positive territory. Ringgit hovers around RM4.13 and RM4.14 against the greenback.

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Plan A : Buy if market retraced but supported firm above 2167. Targets 2182 and 2206.

Plan B : Sell only if market rebounded and resisted around 2182. Targets are 2167 and 2151.

Plan C : Above 2182, no fresh position.

Plan D : Below 2167, 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.