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Daily Futures Trading Strategy 17 March 2014

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Publish date: Mon, 17 Mar 2014, 09:40 AM
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HSI Futures


Wall Street ended lower on Friday with all three major stock indexes down for the week, as concerns over tensions between Ukraine and Russia escalated ahead of a referendum in Crimea during the weekend.


Hong Kong shares fell to a six-week low on Friday, pulled down by index heavyweights Tencent Holdings Ltd and New World Development .


Plan A : Above 21768, do nothing

Plan B : Below 21451. do nothing

Plan C : Attempt selling if market gaps up but fails to break above 21768

Plan D : Cut above 21768

Plan E : Consider buying if market supported well above 21451 and triggers a buy

Plan F : Cut below 21451



FKLI


FKLI did stayed below its resistance level throughout last Friday's trading but supported above 1790. Market is expected to go through a bit of consolidation with slight recovery today

 

Plan A : Attempt selling between 1802-1803

Plan B : Cut above 1805

Plan C : Consider intraday buying if market stays firm above 1790 and rebounds

Plan D : Cut below 1790

 

 

FCPO

 

Market will experience gap down as it's the first day of the switch month and the month of June was doing discount of 25 points from previous closing. It has been seen that there is some seller that has taken its profit last week specifically an hour before closing.

 

Plan A : Overnight seller may want to hold on to position. Resistance looking at 2801 and profit target looking at 2719.

Plan B : Intraday investor may want to try some selling if resistance at 2784 is not broken. Profit target looking at 2736.

Plan C : Buyer may want to stay out today until it forms a layer of support after the dip.

Plan D : Above 2810, do nothing.

Plan E : Below 2710, 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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