Where Futures Lies

Daily Futures Trading Strategy 10 March 2014

Futurescoin
Publish date: Mon, 10 Mar 2014, 09:30 AM
Futurescoin
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HSI Futures


U.S. stocks finished mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher. But the overall sentiment was cautious and trading was volatile throughout the session as investors adjusted their positions ahead of the weekend and kept a close eye on the simmering crisis in Ukraine.


Strength in Sinopec Corp lifted Hong Kong-listings of China firms on Friday, trimming their weekly losses, on hopes that the Chinese oil giant's proposed sale of a stake in its retail business will attract private international investors.


Plan A : Above 22852, do nothing

Plan B : Below 22372, do nothing

Plan C : Attempt selling if market opens gap up but fails to break above 22775

Plan D : Cut above 22852

Plan E : Consider buying if market stays firm above 22372 and triggers a buy

Plan F : Cut below 22372



FKLI


FKLI closed at a buy signal but still failed to close firm above 1838 level. Market is expected open lower today after case of Anwar convicted of sodomy charges and also news of missing Malaysian Airlines plane over the weekend. Be prepared for a choppy trading session today.


Plan A : Attempt selling around 1828-1833

Plan B : Cut above 1838

Plan C : Consider buying only if market is firm above 1808

Plan D : Cut below 1803

 

 

FCPO

 

Market touches sky high of 2896 and sustain throughout the session. It eventually closed at 2886. Buyer seems to be exhausted at this stage as the movement for the day has been narrow down. Regional market begins in red in the morning.

 

Plan A : Overnight seller may hold back on position. Resistance looking at 2896 and support looking at 2771.

Plan B : Intraday seller may try to sell around 2870's, taking resistance at 2888. Profit target looking at 2837 and 2808.

Plan C : Buyer may want to stay out today.

Plan D : Above 2900, do nothing.

Plan E : Below 2800, 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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