ASIA AND GLOBAL MARKET SPOT PRICE 2016

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DISCLAIMER: All contents of This Report have been prepared by Research Dept. and are provided solely for informational purpose.

We have taken reasonable measures to ensure the accuracy of the report, however, do not guarantee its accuracy and will not accept liability for any consequential loss or damage which may arise directly or indirectly from any use of the report.

MARKET UPDATE & OUTLOOK

 Asia: Bursa Asia jatuh pada hari Jumat, terinspirasi oleh jatuhnya Wall Street dan bursa Eropa, menyusul ekspektasi kenaikan suku bunga AS lebih cepat dari perkiraan yang mendorong naiknya yield Treasury AS tenor 10 tahun ke level tertinggi 18 bulan di sesi overnight. Indeks MSCI untuk saham Asia-Pasifik diluar Jepang turun 0,9%, catat penurunan mingguan 0,3%. Indeks Nikkei, yang melonjak ke level tertinggi 11 bulan pada hari Kamis, ditutup melemah 0,5%

pada hari Jumat, namun masih catat kenaikan mingguan 0,24%. Indeks CSI 300 Cina merosot 1% dan catat penurunan mingguan 0,2%. Indeks Hang Seng Hong Kong menjadi saham Asia yang mengalami kemerosotan tertajam pada hari Jumat dengan turun 1,4% dan kehilangan lebih dari 0,7% dalam sepekan.

Kospi juga terkoreksi 0,7% dan turun 0,2% dalam sepekan, setelah partai-partai oposisi mengatakan mereka akan mengajukan mosi hari Jumat untuk mendakwa Presiden Park Geun-hye atas skandalnya, dengan tujuan menggelar pemungutan suara untuk impeachment nya pada 9 Desember. Naiknya harga minyak juga mendukung ekspektasi kenaikan inflasi.

 Eropa: Bursa Eropa ditutup melemah setelah terkoreksi di awal sesi pada hari Jumat ke level terendah 3 pekan menyusul investor berlaku hati-hati jelang referendum konstitusi di Italia yang berpotensi memicu ketidakpastian politik di kawasan. Indeks STOXX 600 ditutup melemah 0,4%, tertekan oleh melemahnya saham keuangan dan komoditas seiring jatuhnya harga logam. Indeks utama Eropa ditutup pekan ini (kemarin) di teritorial negatif setelah catat penguatan dalam 3 pekan sebelumnya. Sikap hati-hati investor jelang referendum konstitusi di Italia juga turut menekan bursa Inggris, dengan saham perbankan pimpin penurunan. Indeks FTSE 100 ditutup turun 0,3%, dan mencatat penurunan mingguan 1,6% sekaligus mengakhiri reli 3 minggunya.

 AS & Global Markets: Yield obligasi jatuh di hari Jumat setelah rilis optimis data pekerjaan AS memperkuat pandangan bahwa The Fed akan menaikkan suku bunga secara gradual, sementara pasar uang dan saham bergerak hati-hati jelang referendum konstitusi Italia di hari Minggu. Minyak berjangka rebound oleh melemahnya USD, melanjutkan kenaikan yang dipicu oleh pemotongan produksi minyak yang disepakati oleh Organisasi Negara Pengekspor Minyak (OPEC), yang pertama sejak 2008. Data non-farm payrolls bulan November dirilis optimis, sedikit di atas ekspektasi pasar, dan mendukung tekad The Fed untuk menaikkan suku bunga untuk pertama kalinya dalam hampir setahun terakhir. Tingkat pengangguran juga turun menjadi 4,6%, level terendahnya selama lebih dari 9 tahun, namun tingkat upah diluar dugaan turun 0,1%, mengurangi harapan pendapatan rumah tangga akan mendukung naiknya inflasi.

Kecemasan atas kemungkinan Italia menolak referendum Perdana Menteri Matteo Renzi, yang bisa menyulut ketidakstabilan politik di ekonomi terbesar ketiga zona euro, telah menyebabkan perdagangan berfluktuasi di pasar Eropa.

Investor juga menunggu untuk melihat apakah Norbert Hofer dari sayap kanan Partai Kebebasan mungkin menang atas mantan pemimpin Partai Hijau Alexander Van der Bellen dalam pemilihan presiden Austria, Minggu.

Indeks dolar catat koreksi mingguan pertamanya dalam sebulan dan terakhir tercatat turun 0,4% ke 100.66. Melemahnya USD mendorong rebound pada harga minyak dan juga emas.

 Weekahead: Disamping masalah referendum konstitusi di Italia dan pilpres di Austria, pandangan pasar akan tertuju pada sidang ECB pekan ini (Kamis).

Dalam pertemuan yang diselenggarakan di tengah gejolak politik, ECB kemungkinan akan berpendapat bahwa inflasi masih tetap lemah, sehingga langkah pembelian aset perlu dilanjutkan setelah Maret, mungkin selama enam bulan, untuk menopang pertumbuhan dan inflasi. ECB telah menggelontorkan dana sekitar 1,4 trilyun euro untuk pembelian obligasi, mengirimkan suku bunga ke rekor terendahnya, dan kondisi ini (pemberian stimulus) pada akhirnya harus berakhir. Disamping ECB, bank sentral India, Australia dan Kanada juga akan mengadakan sidangnya pekan ini. Bank sentral India diprediksi akan pangkas suku bunga sedangkan RBA dan BoC diprediksi mempertahankannya.

ASIA AND GLOBAL MARKET SPOT PRICE 2016

HIGH / LOW .N225 .KS200 .HSI .DJI /.SPX /.SSEC

RECORD HIGH 38915.87 (29/Dec/89)

295.51 (03/May/11)

31958.41 (30/Oct/07)

18351.36 (19/May/2015)

2134.72 (20/May/2015)

6124.04400 (16/Oct./07) 2015 HIGH 20952.71

(24/Jun/2015)

275.11 (24/Apr/2015)

28588.52 (27/Apr/2015)

18351.36 (19/May/2015)

2134.72 (20/May/2015)

5178.19100 (12/Jun/2015) 2016 HIGH 18951.12

(04/Jan/16)

262.10 (07/Sep/16)

24364.00 (09/Sep/16)

19225.29 (30/Nov/16)

2214.10 (30/Nov/16)

3538.68940 (04/Jan/16) 2016 LOW 14864.01

(24/Jun/16)

222.92 (20/Jan/16)

18278.80 (12/Feb/16)

15450.56 (20/Jan/16)

1810.10 (11/Feb/16)

2638.30160 (27/Jan/16) 2015 LOW 16592.57

(16/Jan/2015)

217.52 (24/Aug/2015)

20368.12 (29/Sep/2015)

15370.33 (24/Aug/2015)

1867.01 (24/Aug/2015)

2850.71350 (26/Aug/2015) RECORD LOW 85.25 (06/Jul/50) 31.96

(16/Jun/98) 58.61 (31/Aug/67) 388.20 (17/Jan/55)

132.93 (23/Nov./82)

325.92200 (29/Jul/94)

Closing Prices – 02 December 2016

CLOSE CHANGE CLOSE CHANGE

.DJI 19170.42  21.51/ 0.11% .N225 18426.08  87.04/0.47%

/.SPX 2191.95  0.87 / 0.04% .KS200 252.88  1.60/0.63%

/.IXIC 5255.652  4.545/ 0.09% .HSI 22564.82  313.41/1.37%

JPY= 113.51  0.57/ 0.50% /.SSEC 3244.47510  28.83420/0.88%

KRW= 1166.31  0.42 / 0.04% /CLc1 (Oil) 51.68  0.62 / 1.21%

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RESEARCH DEPARTMENT – PT VALBURY ASIA FUTURES Menara Karya 9th Floor, Jl. HR Rasuna Said Blok X-5 Kav. 1-2 Jakarta 12950 Indonesia, Phone : +6221-25533777 Twitter: @researchvaf

WEEKLY ECONOMIC INDICATORS

DATE WIB CTY INDICATORS PER ACTUAL FORECAST PREV. REV.

Mon/28-Nov-16 22:30 US Dallas Fed Mfg Bus idx* Nov 10.2 N/A -1.50

Tue/29-Nov-16 04:00 KR BOK Manufacturing BSI* Dec 74 N/A 74

06:30 JP Unemployment Rate Oct 3.0% 3.0% 3.0%

06:30 JP Jobs/Applicants Ratio Oct 1.40 1.39 1.38

06:30 JP All Household Spending YY* Oct -0.4% -0.6% -2.1%

06:30 JP All Household Spending MM Oct -1.0% 0.1% 2.8%

06:50 JP Retail Sales YY Oct -0.1% -1.2% -1.9%

14:00 KR Bank of Korea Policy Meeting Minutes

20:30 US GDP 2^nd Estimate Q3 3.2% 3.0% 2.9 %

20:30 US GDP Sales Prelim Q3 2.7% 2.5% 2.3%

20:30 US GDP Cons Spending Prelim Q3 2.8% N/A 2.1%

20:30 US GDP Deflator Prelim Q3 1.4% 1.5% 1.5%

20:30 US Core PCE Price Prelim Q3 1.7% 1.8% 1.7%

20:30 US PCE Prices Prelim Q3 1.4% 2.0% 1.4%

21:00 US CaseShiller 20 MM SA Sep 0.4% 0.4% 0.2% 0.3%

21:00 US CaseShiller 20 MM NSA Sep 0.1% 0.4% 0.4%

21:00 US CaseShiller 20 YY Sep 5.1% 5.2% 5.1%

21:15 US Fed's Dudley Speaks

22:00 US Consumer Confidence Nov 107.1 101.2 98.6 100.8

22:30 US Texas Serv Sect Outlook Nov 12.6 N/A 3.0

22:30 US Dallas Fed Services Reve Nov 13.7 N/A 9.9

Wed/30-Nov-16 06:00 KR Industrial Production YY* Oct -1.6% -2.0% -2.0% -1.7%

06:00 KR Service Sector Output Gr Oct -0.2% N/A 0.6% -0.7%

06:00 KR Industrial Output Growth Oct -1.7% -0.1% 0.3% 0.6%

06:50 JP Industrial Production Prelim Oct 0.1% -0.1% 0.6%

07:00 AU HIA New Home Sales MM Nov -8.5% N/A 3.8%

07:30 AU Building Approvals* Oct -12.6% 1.5% -8.7% -9.3%

07:30 AU Private House Approvals* Oct -3.4% N/A 2.3% 1.5%

07:30 AU Private Sector Credit* Oct 0.5% 0.4% 0.4%

07:30 AU Housing Credit* Oct 0.6% N/A 0.5%

12:00 JP Housing Starts YY* Oct 13.7% 11.2% 10.0%

12:00 JP Construction Orders YY* Oct 15.2% N/A 16.3%

15:30 HK Money Supply M3* Oct 8.1% N/A 7.80%

20:00 US Fed's Kaplan Speaks in New York

20:15 US ADP National Employment Nov 216.0k 165k 147k 119.0k

20:30 US Personal Income MM Oct 0.6% 0.4% 0.3% 0.4%

20:30 US Personal Consump Real MM Oct 0.1% N/A 0.3% 0.5%

20:30 US Consumption. Adjusted MM Oct 0.3% 0.5% 0.5%

20:30 US Core PCE Price Index MM Oct 0.1% 0.1% 0.1%

20:30 US Core PCE Price Index YY Oct 1.4% N/A 1.7%

20:30 US PCE Price Index MM Oct 0.2% N/A 0.2%

20:30 US PCE Price Index YY Oct 1.4% N/A 1.2%

21:45 US Chicago PMI Nov 57.6 52.0 50.6

22:00 US Pending Home Sales Change MM Oct 0.1% 0.4% 1.5% 1.4%

22:00 US Pending Home Index Oct 110.0 N/A 110.0 109.9

22:30 US EIA Weekly Crude Stocks w/e -0.884m 0.636m -1.255m

22:30 US EIA Weekly Dist. Stocks w/e 4.957m 1.336m 0.327m

22:30 US EIA Weekly Gasoline Stk w/e 2.097m 1.156m 2.317m

30 Nov ~ 01 Dec US OPEC Meeting: 171st Meeting in Vienna Thu/01-DEC-16 02:00 US U.S. Federal Reserve Releases Beige Book

05:30 AU AIG Mfg Index Nov 54.2 N/A 50.9

06:00 KR CPI Growth* Nov -0.1% 0.10% 0.1%

06:00 KR CPI Growth YY* Nov 1.3% 1.50% 1.3%

06:00 KR Current Account Balance* Oct 6.01b N/A 7.06b 6.86b

06:50 JP Business Capex (MOF) YY* Q3 -1.3% N/A 3.1%

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07:00 KR Exports Growth Prelim* Nov 2.7% 1.2% -3.2%

07:00 KR Imports Growth Prelim* Nov 10.1% 2.9% -4.8%

07:00 KR Trade Balance Prelim* Nov 8.0b N/A 6.97b

07:30 AU Capital Expenditure* Q3 -4.0% -2.5% -5.4% -5.2%

07:30 AU Plant/Machinery Capex* Q3 -1.9% N/A 2.8%

07:30 JP Nikkei Mfg PMI Nov 51.3 N/A 51.1

07:30 KR Nikkei Markit Mfg PMI Nov 48.0 N/A 48.0

08:00 CN NBS Manufacturing PMI* Nov 51.7 51 51.2

08:00 CN NBS Non-Manufacturing PMI Nov 54.7 N/A 54.00

08:45 CN Caixin Mfg PMI Final Nov 50.9 50.8 51.2

15:30 HK Retail Sales YY* Oct -2.9% N/A -4.1%

19:30 US Challenger Layoffs Nov 26.936k N/A 30.740k

20:30 US Initial Jobless Claims w/e 268 253k 251k

20:30 US Jobless Claims 4-wk Avg w/e 251.5 N/A 251.00k

20:30 US Continuing Jobless Claims w/e 2.081m 2.040m 2.043m

20:30 US Fed's Mester Gives Opening Remarks at Financial Stability Conf 21:00 US Fed's Kaplan Speaks in San Antonio

21:45 US Markit Manufacturing PMI Final Nov 54.1 N/A 53.9

22:00 US Construction Spending MM Oct 0.5% 0.5% -0.4% 0.0%

22:00 US ISM Manufacturing PMI Nov 53.2 52.2 51.9

22:00 US ISM Mfg Prices Paid Nov 54.5 54.0 54.5

22:00 US ISM Manuf New Orders Idx Nov 52.3 N/A 52.1

Fri/02-DEC-16 06:00 KR GDP Growth YY Q3 0.6% N/A 2.7%

06:00 KR GDP Growth QQ Q3 2.6% N/A 0.7%

07:30 AU Retail Sales MoM Oct 0.5% 0.3% 0.6%

20:30 US Non-farm Payrolls Nov 178k 175k 161k 142k

20:30 US Private Payrolls Nov 156k 165k 142k 135k

20:30 US Manufacturing Payrolls Nov -4k -3k -9k -5k

20:30 US Government Payrolls Nov 22k N/A 19k 7k

20:30 US Unemployment Rate Nov 4.6% 4.9% 4.9%

20:30 US Average Earnings MM Nov -0.1% 0.2% 0.4%

20:30 US Average Workweek Hrs Nov 34.4h 34.4h 34.4h

20:30 US Labor Force Participation Rate Nov 62.7% N/A 62.8%

20:30 US U6 Underemployment Rate Nov 9.3% N/A 9.5%

21:45 US ISM-New York Index Nov 720.5 N/A 719.3

21:45 US ISM-NY Biz Conditions Nov 52.5 N/A 49.2

DATE WIB CTY INDICATORS PER ACTUAL FORECAST PREV. REV.

Mon/05-Dec 04:00 KR FX Reserves* Nov N/A $375.17b

05:30 AU AIG Services Index Nov N/A 50.5

07:30 AU ANZ Internet Job Ads Nov N/A 1.0%

08:45 CN Caixin Services PMI Nov 52.7 52.4

09:30 HK Nikkei PMI Nov N/A 48.2

10:45 JP BOJ Kuroda speaks at Europlace in Tokyo

12:00 JP Consumer Confidence Index* Nov 43.8 42.3

20:30 US Fed's Dudley Speaks on Economy and Policy in New York 21:25 US Fed's Evans Speaks on Economy and Policy in Chicago

21:45 US Markit Services PMI Final Nov N/A 54.7

21:45 US Markit Composite Final PMI Nov N/A 54.9

22:00 US Employment Trends* Nov N/A 129.0

22:00 US ISM Non-Manufacturing Composite Nov 55.3 54.8

06 ̴ 07 Dec N/A CN FX Reserves (Monthly)* Nov N/A 3121t

Tue/06-Dec 02:05 US Fed's Bullard to Speak on U.S. Economic Outlook In Arizona

07:30 AU Current Account Deficit* Q3 13.70b 15.54b

07:30 AU Net Exports Contribution Q3 0.0% -0.2%

10:30 AU RBA Cash Rate* Dec 1.50% 1.50%

20:30 US International Trade MM $ Oct -41.5b -36.4b

20:30 US Productivity Revised Q3 3.3% 3.1%

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(Source: Reuters-FXstreet-DailyFX- Tradingeconomics-forexfactory, Research: @LukmanLoeng,@ErwinRiset)

20:30 US Labor Costs Revised Q3 0.3% 0.3%

22:00 US Factory Orders Oct 2.5% 0.3%

22:00 US Factory Orders Ex Trans MM Oct N/A 0.6%

22:00 US Durable Goods Orders R MM Oct -3.5% 4.8%

22:00 US Durables Ex Transportation R MM Oct N/A 1.0%

22:00 US Nondef Cap Ex-Air R MM Oct N/A 0.4%

Wed/07-Dec 05:30 AU AIG Construction Index Nov N/A 45.9

06:00 JP Reuters Tankan DI Dec N/A 14

06:50 JP Foreign Reserves Nov N/A 1242.8b

07:30 AU GDP QQ* Q3 0.3% 0.5%

07:30 AU GDP YY* Q3 2.5% 3.3%

08:30 JP BOJ Iwata makes a speech in Nagasaki

12:00 JP Leading Indicator MM* Oct N/A -0.4

12:00 JP Coincident Indicator* Oct N/A 0.2

22:30 US EIA Weekly Crude Stocks w/e N/A -0.884m

22:30 US EIA Weekly Dist. Stocks w/e N/A 4.957m

22:30 US EIA Weekly Gasoline Stk w/e N/A 2.097m

Thu/08-Dec N/A CN Exports YY* Nov -5.7% -7.3%

N/A CN Imports YY* Nov -2.1% -1.4%

N/A CN Trade Balance USD* Nov N/A 49.06b

03:00 US Consumer Credit Oct 18.50b 19.29b

08 ̴ 09 Dec 06:50 JP Bank Lending YY Nov N/A 2.4%

06:50 JP Current Account NSA JPY* Oct 1577.2b 1821.0b

06:50 JP GDP Revised QQ Q3 0.6% 0.5%

06:50 JP GDP Rev QQ Annualised* Q3 2.4% 2.2%

06:50 JP GDP Cap Ex Rev QQ* Q3 0.2% 0.0%

07:30 AU Trade Balance G&S (A$)* Oct -800m -1227m

07:30 AU Goods/Services Imports* Oct N/A -1.0%

07:30 AU Goods/Services Exports* Oct N/A 2.0%

12:00 JP Economy Watchers Poll* Nov N/A 49.3

20:30 US Initial Jobless Claims w/e N/A 268k

20:30 US Jobless Claims 4-wk Avg w/e N/A 251.5k

20:30 US Continuing Jobless Claims w/e N/A 2.081m

Fri/09-Dec 06:50 JP Business Survey Index* Q4 N/A 2.9

07:30 AU Housing Finance* Oct -1.0% 1.6%

07:30 AU Invest Housing Finance* Oct N/A 4.6%

08:30 CN CPI YY* Nov 2.2% 2.1%

08:30 CN CPI MM* Nov N/A -0.1%

08:30 CN PPI YY Nov 2.1% 1.2%

22:00 US Wholesale Inventories MM Oct -0.3% -0.4%

22:00 US Wholesale Sales MM Oct 0.3% 0.2%

22:00 US U. of Mich. Sentiment Dec 95.0 93.8

22:00 US U. of Mich. Current Conditions Dec N/A 107.3

22:00 US U. of Mich. Expectations Dec N/A 85.2

10 Dec ~15 Dec N/A CN M2 Money Supply YY Nov N/A 11.6%

10 Dec ~15 Dec N/A CN Outstanding Loan Growth Nov N/A 13.1%

10 Dec ~15 Dec N/A CN New Yuan Loans CNY Nov 710.0b 651.3b

10 Dec ~20 Dec N/A CN FDI (YTD) Nov N/A 4.20%

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SSIamZ6 (Nikkei Dec Futures) – Last Trading Date: 12 Dec. 2016

 Koreksi berlanjut setelah gagal bertahan di atas area 18500

 Koreksi hadapi support jangka pendek di 18200

(Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE % CHANGE VOLUME

02 Dec SSIpmZ6 18340 18410 18245 165 18365 ---  45 0.25 24380

02 Dec SSIamZ6 18450 18475 18310 165 18320 18320  100 0.54 62977

01 Dec SSIpmZ6 18430 18580 18395 185 18425 ---  5 0.03 27095

01 Dec SSIamZ6 18585 18750 18415 335 18420 18420  45 0.24 87724

30 Nov SSIpmZ6 18375 18660 18355 305 18600 ---  225 1.22 32728

30 Nov SSIamZ6 18370 18390 18285 105 18375 18375  95 0.52 39794

29 Nov SSIpmZ6 18285 18450 18285 165 18355 ---  75 0.41 20381

29 Nov SSIamZ6 18250 18335 18230 105 18280 18280  30 0.16 34790

28 Nov SSIpmZ6 18315 18360 18215 145 18280 ---  30 0.16 19007

28 Nov SSIamZ6 18355 18375 18210 165 18310 18310  65 0.35 51686

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

18750 18210 18750 18245 18660 16095 18945 14770

(01/Dec) (28/Nov) (01/Dec) (02/Dec) (30/Nov) (09/Nov) (04/Jan) (12/Feb)

ANALYSIS & RECOMMENDATION RESISTANCE

18945 High 04/Jan/2016

18750 Peak level (1-H chart)

18580 Reaction high (1-H chart)

18475 Reaction high (1-H chart)

SUPPORT

18200 Pivot line (1-H chart)

18150 Reaction low (1-H chart)

RECOMMENDATION

BUY ----

SELL 18430

STOP LOSS 18510

TARGET 18210

18140

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KSZ6 (Kospi Dec Futures) – Exp. Date: 08 Dec. 2016

 Koreksi sedang uji area lowerline of symmetrical triangle di 252.30, setelah hit day low di 252.25

 Koreksi hadapi level support berikutnya di 251.70, 250.80 (Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

02 Dec 253.40 253.95 252.25 1.70 252.65 252.65  1.55 0.61 113773

01 Dec 254.55 255.05 253.85 1.20 254.20 254.20  0.05 0.02 88278

30 Nov 253.05 254.95 253.00 1.95 254.15 254.15  1.35 0.53 132948

29 Nov 253.15 253.65 252.55 1.10 252.80 252.80  0.35 0.14 100954

28 Nov 252.30 253.50 250.80 2.70 253.15 253.15  0.95 0.38 103150

25 Nov 252.80 253.00 251.90 1.10 252.20 252.20  0.25 0.10 84697

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

255.05 250.80 255.05 252.25 257.45 246.80 262.50 223.10

(01/Dec) (28/Nov) (01/Dec) (02/Dec) (09/Nov) (09/Nov) (08/Sep) (20/Jan)

ANALYSIS & RECOMMENDATION

RESISTANCE

257.45 High 09/Nov/2016 (Peak)

255.65 High 10/Nov/2016

255.05 High 01/Dec/2016

253.95 High 02/Dec/2016

SUPPORT

251.70 Pivot line (1-H chart)

250.80 Reaction low (1-H chart)

RECOMMENDATION

BUY ----

SELL 253.15

STOP LOSS 254.10

TARGET 251.40

250.50

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HSIZ6 (Hang Seng Dec Futures) – Exp. Date: 29 December 2016

 Rebound berkembang setelah mampu bertahan di atas area crucial support di 22500

 Rebound hadapi area resistance di 22750 – 23000

 Target uptick di 23250 (Research – @ErwinRiset)

DATE OPEN HIGH LOW RANGE CLOSE SETTLE CHANGE %

CHANGE VOLUME

02 Dec 22766 22766 22532 234 22575 22575  319 1.39 90471

01 Dec 22898 23018 22852 166 22894 22893  72 0.32 92553

30 Nov (HSIZ6) 22813 22929 22776 153 22822 22822  18 0.08 90672

29 Nov (HSIZ6) 22751 22871 22700 171 22804 22804  4 0.02 93968

29 Nov (HSIX6) 22737 22830 22690 140 22795 22790  11 0.05 16582

28 Nov 22700 22978 22691 287 22784 22784  54 0.24 125030

25 Nov 22629 22788 22560 228 22730 22730  125 0.55 143118

WEEKLY DECEMBER NOVEMBER 2016

HIGH LOW HIGH LOW HIGH LOW HIGH LOW

23018 22532 23018 22532 23286 21904 24374 18217

(01/Dec) (02/Dec) (01/Dec) (02/Dec) (01/Nov) (09/Nov) (09/Sep) (12/Feb)

ANALYSIS & RECOMMENDATION

RESISTANCE

23286 High 02/Nov/2016 (Reaction high)

23211 High 02/Nov/2016

23152 High 09/Nov/2016 (Peak)

23018 High 01/Dec/2016

SUPPORT

22691 Low 28/Nov/2016

22560 Low 25/Nov/2016

22467 Reaction low (1-D chart)

22300 Pivot line (1-D chart)

RECOMMENDATION

BUY 22775

SELL ----

STOP LOSS 22680

TARGET 23025

23105