Gold

Gold prices slumped to an over four-month low on Thursday after the U.S. FOMC axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.

HSI/HSI Warrants

U.S. stocks eased further from recent record highs on Thursday as energy shares dropped with oil and investors digested comments by Federal Reserve Chairman Jerome Powell from the previous day.

Hong Kong stocks closed firmer on Thursday as investors cheered signs of progress in the U.S.-China trade negotiations, while financials and property shares boosted the index after the U.S. Federal Reserve kept the target range for policy rate steady.

FKLI had an one-way ticket to the south yesterday when we thought the market was supported above 1630's. The market tumbled near 1% to the low at 1623 yesterday partially due to the declines in certain telco counters in KLCI. If the market fails to sustain firm above 1630's today, it could be a favor to the sellers for a long term.

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Plan A : Attempt buying if FKLI stays firm above 1625.

Plan B : Cut below 1621.

Plan C : Consider selling if FKLI fails to breach above 1629.

Plan D : Cut above 1633.

FCPO

FCPO briefly dived to 2009 for the first session later rebounded to 2046. Soybean oil is lying at negative territories while Ringgit stays weak at RM4.14 against the greenback. 

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Afternoon Plan

Plan A : Buy if market supported above 2033. Targets are 2048 and 2065.

Plan B : Sell only if market rebounded and failed to support above 2065. Targets are 2048 and 2027.

Plan C : Above 2065, no fresh position.

Plan D : Below 2033, 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.