Gold

Gold prices rose on Friday and were set to post a weekly rise as the United States raise tariffs on Chinese goods, exacerbating fears of a global economic slowdown.

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FKLI was choppy on last Friday as both the buyers and sellers were struggling to bring the market to their favors. However, the selling pressure was greater to push the FKLI to create record low and closed at below 1610's as the global markets too were worried by the raised tension between U.S. and China due to the trade war dispute. The market today is still expecting a further declining as the market fear is now all worried of any upcoming market crash.
 

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Plan A : Continue to sell as long as market stays below 1618.

Plan B : Cut above 1621.

Plan C : Consider buying only if market does not breach below 1602.5.

Plan D : Cut below 1598.

FCPO

FCPO opened slightly lower today, hovered around 1970's for the first session. Dalian and soybean oil are weak while Ringgit weakened at RM4.16 against the greenback.

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Afternoon Plan 

Plan A : Buy if market supported above 1979. Targets are 1999 and 2009.

Plan B : Sell if market failed to support above 1979. Targets are 1961 and 1946.

Plan C : Above 1985, no fresh position.

Plan D : Below 1973, 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.