Where Futures Lies

Daily Futures Trading Strategy 4 March 2014

Futurescoin
Publish date: Tue, 04 Mar 2014, 10:06 AM
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HSI Futures


U.S. stocks tumbled on Monday alongside other risky assets globally as tensions in Ukraine and Russia escalated after Russian President Vladimir Putin declared he had the right to invade his neighbor.


Hong Kong shares suffered their biggest one-day loss in a month on Monday, with riskier sectors taking the brunt of the selloff as oil prices jumped on escalating tensions after Russia bloodlessly seized a part of Ukraine.


Holding a sell

Plan A : 22205-22705, do nothing

Plan B : Above 22705, cut

Plan C : Below 22205, consider taking profit

Plan D : Consider turning buy only if market supports well above 22205 and triggers a buy

Plan E : Cut below 22205



FKLI


FKLI tumbled, moving in tandem with regional markets yesterday. Although market managed to recover from earlier losses, selling pressure were still to be seen overall. Therefore, it might be a better idea to hold a short than a long for the time being.

 

Plan A : Short around 1817-1822 level

Plan B : Cut above 1828

Plan C : Consider buying only if market tumbles to around 1800 level but holds firm

Plan D : Cut below 1798

 

 

FCPO

 

Crude palm oil touched to the high of 2860 and could not sustain. Market eventually tumble down to the low of 2803. Prices has fetched to a recent high but have not been correction along the way. Therefore, investor might want to beware of market correction.

 

Plan A : Seller might want to sell at rebound taking resistance at 2827 and support at 2747

Plan B : Intraday investor might want to trade within the range of 2830 to 2785

Plan C : Overnight buyer may be cautious and consider to take profit if support at 2791 is broken.

Plan D : Above 2840, do nothing.

Plan E : Below 2780, 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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