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Daily Futures Trading Strategy 29 Jan 2014

Futurescoin
Publish date: Wed, 29 Jan 2014, 09:32 AM
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HSI Futures


U.S. stocks bounced back on Tuesday after Pfizer's upbeat results gave investors some relief from the pain of the Dow's five-day losing streak, and the market focus turned to the Federal Reserve's next move on stimulus.

 

Hong Kong shares stayed at five-month lows on Tuesday as turnover sagged with investors still jittery after a selloff and before key central bank meetings in the United States and Turkey.

 

Plan A : Below 21850, do nothing

Plan B : Above 22192, do nothing

Plan C : Consider buying if market holds firm above 22032

Plan D : Cut below 21881

Plan E : Consider selling if market rebounds but fails to breach above 22192

Plan F : Cut above 22192

 

 

FKLI


FKLI traded in a tight 8-points range yesterday but overall supported above 1775 level. Market could be due for a rebound after days of decline.

 

Plan A : Take a long around 1782-1784 level

Plan B : Cut below 1775

Plan C : Take profit around 1805 if market couldn't surge further

Plan D : Consider selling only if market can't breach above 1792

Plan E : Cut above 1794

 

 

FCPO

 

Crude palm oil continue to move downwards to the low of 2519 and stay around 2520's to 2530's towards closing. Market could have a stand to resume to its uptrend if 2525 is supported. Therefore, be open to take position either way.

 

Plan A : If market has a chance to bounce back to 2570's level and could not break 2582, seller could try to sell. Potential gain may come to 2486.

Plan B : Trader could attempt some buy taking 2519 as support. Place a stop in case of market flushing down south. Target profit looking around 2570 and 2608.

Plan C : Above 2580, do nothing.

Plan D : Below 2510, do nothing.

 

 

*Disclaimer: This information is intended to assist professional investors. 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.

 

 

 

 

 

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