GOLD

Gold inched higher on Thursday as weak economic data rekindled fears over global growth, while bullion's recovery from four-month lows and an improved technical picture prompted some investors to cover their short positions.

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Plan A : Attempt buying if gold trades resiliently above 1277.2

Plan B : Cut below 1273

Plan C : Consider selling if gold fails to hold above 1277.2

Plan D : Cut above 1283.6

FCPO

FCPO rebounded to 2179 on Thursday later pressurized by the seller towards the close. Market resume with the downwards momentum today and visited 2116, breaking the 2140's support. Dalian and soybean oil are weak while Ringgit stays at RM4.13 against the greenback.

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Plan A : Buy only if market supported firm above 2123. Targets are 2137 and 2150.

Plan B : Sell if market failed to support above 2123. Targets are 2108 and 2091.

Plan C : Above 2130, no fresh position.

Plan D : Below 2116, 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.