Trading Tips for the Day - 25 June 2015

FKLI will likely open lower today, for the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.


In other news...

Remarks from European finance ministers suggested a Greek bailout deal wasn’t likely to be reached until later this week. Significant divisions remain over measures Greece must implement to receive the bailout funds. Earlier, Greek Prime Minister Alexis Tsipras attacked the country’s international creditors after they rejected a list of economic measures Greece said it was willing to undertake in exchange for financial aid.

🇺🇸 U.S. stocks ended lower, with the Dow industrials posting their biggest one-day decline in nearly a month, as recent optimism about a bailout deal for Greece faded.
* Dow -178
* S&P -15
* Nasdaq -37

€ European stocks were down after Greece's creditors were said to reject its proposals for more aid. Another negative for European stocks was the larger-than-expected decline in German business confidence as the Jun IFO business climate fell -1.1 to 107.4, to its lowest in 4 months.

🇯🇵 Nikkei 225 index edged up to its highest level since December 1996, supported by signs of a recovery in the world's third-largest economy, earnings optimism and expectations that Greece will avoid a debt default.

⛽ Oil prices declined after key inventory data showed that crude-oil supplies shrank last week but inventories of refined products rose. 
* Crude oil $60.24 (-0.77)
*Brent crude $64.23 (-0.9)

👑 Gold fell to a two-week low as the dollar pared earlier losses versus the euro and traders awaited news on Greece's negotiations with its international lenders to avoid default. Now, $1,175.95.

🌴 FCPO (RM2,270) closed sharply higher as higher China Dalian futures, weak Ringgit and strong gain in crude mineral oil. The technical oversold situation in the stochastic added support. Strong gain continued in the afternoon session following report on lower 1-20 production by MPOA and rumours on good export. Price may filled the gap at 2280, left on 17 June.