Gold

Gold prices on Thursday held near eight-month highs hit in the previous session as the dollar weakened after the U.S. Federal Reserve paused its monetary tightening cycle, putting bullion on course for its fourth straight monthly gain.

Spot gold was steady at $1,319.72 per ounce by 0308 GMT. Prices rose to their highest since May 11 at $1,323.34 on Wednesday. U.S. gold futures were up 0.6 percent at $1,317.70 per ounce. 

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Plan A : Buy only if market retraced but supported above 1312.40. Targets are 1323.10 and 1329.80.

Plan B : Sell if market failed to support above 1312.40. Targets are 1300.1 and 1294.5.

Plan C : Above 1317.40, no fresh position.

Plan D : Below 1307.40, no fresh position. 

HSI/HSI Warrants

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Plan A : Above 27797, do nothing
Plan B : Below 27554, do nothing
Plan C : Attempt buying if market stands firm above 27797
Plan D : Cut below 27676
Plan E : Consider selling if market surges but does not break above 27828
Plan F : Cut above 27930

 

FKLI declined from 1694 to 1682.5 before it then closed at 1683 yesterday, formed the first down bar after inching up for almost a week. The pre-rally for CNY seems coming to an end but it may still continues today as the Nasdaq jumped for more than 2.5% and the overnight Dow surged for more than 1% due to the dovish style adopted by The Fed on their future interest rates moves.

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Plan A : Attempt selling if market fails to breach above 1697

Plan B : Cut above 1701
Plan C : Consider buying if market supported firm above 1684.5
Plan D : Cut below 1680

 

FCPO

FCPO rebounded from the low of 2277 on Wednesday to 2317, settled above 2300. Today it opened lower but flattened at 2290's. Dalian and soybean oil are negative while Ringgit strengthen against the greenback at RM4.08.   

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Plan A : Buy if market supported firm above 2290. Targets are 2307 and 2324.

Plan B : Sell if market rebounded but failed to support above 2307. Targets are 2290 and 2278.

Plan C : Above 2307, no fresh position.

Plan D : Below 2290, 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.