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Daily Futures Trading Strategy 7 Feb 2014

Futurescoin
Publish date: Fri, 07 Feb 2014, 09:24 AM
Futurescoin
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HSI Futures


U.S. stocks posted their best day of the year on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy and Disney's results overshot expectations.


Strong gains for casino and energy stocks helped Hong Kong shares rise on Thursday from their lowest level in almost seven months as investors awaited the reopening of China markets after a long holiday.


Holding a long

Plan A : 21297-21616, do nothing

Plan B : Above 21616, consider taking profit if it falls back down after a higher opening

Plan C : Below 21297, cut

Plan D : Consider selling if market opens high and fails to breach above 21667

Plan E : Cut above 21667



FKLI


FKLI found its footing yesterday and stayed firm above 1789. Market is expected to open firm today once again after a strong gains from overnight Dow


Plan A : Continue hold on to buying position as long as market stays above 1788

Plan B : Fresh buying can be considered around 1788-1792

Plan C : Cut below 1784

Plan D : Consider taking profit around 1812 if market fails to breach through after a higher opening

Plan E : Intraday selling can only be attempted if market opens high and falls back after failing to breach above 1812

Plan F : Cut above 1812



FCPO


Crude palm oil market was running on upside yesterday breaking the resistance at 2567, tipping at 2575. With regional competitive substituent recovery today, market could gap up during opening to 2590's. Previous high at 2604 is the immediate resistance and also the break out point for the uptrend. If it does not breaks, market will go back to its consolidation range 2604 to 2540.


Plan A : Overnight buyer may want to watch out prices around 2604. If it does not break, consider to take profit. Support looking at 2560. Potential looking at 2637.

Plan B : Seller may also look out for 2604 as resistance. If market does not penetrate through, investor could sell around 2590's level. Place a stop at 2610.

Plan C : Above 2620, do nothing.

Plan D : Below 2560, do nothing.
Plan E : Fresh buyer may want to stay out at this point, as the support at 2560 is a bit far.


 

*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 wi.th its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment

 
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