With US markets closed for thanksgiving holidays overnight, the asian markets are set for a rebound in my opinion. European markets have also rebounded after being hammered for the past week. The Nikkei will also be closed for labor thanksgiving holidays, so Kospi will move alone in the morning before being joined with HangSeng. Commodities prices fell again with oil at $96ish and gold at $803ish in early morning trading. If Kospi opened near yesterday's closing price, it might be best to BUY and get a fairly quick profit early in the morning. However, if it opened with quite a gap, just wait it out for the next hour or so and see its movement. My target for today's Kospi range is would be around 226ish-232ish. Day traders might find 2-3 fairly big opportunities during market trading.
As for HangSeng, I think it'll move similiar to Kospi and is set for a rebound too after being hammered consecutively. However, HangSeng need to pay close attention to China, since yesterday it closed down after China's index was closed down by 4%. My target price range for HangSeng would be around 25800ish-26600ish.
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