Where Futures Lies

Daily Futures Trading Strategy 18 April 2014

Futurescoin
Publish date: Fri, 18 Apr 2014, 09:24 AM
Futurescoin
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FKLI


FKLI traded in a tight 6-points range yesterday with some downward pressure. Market could open little changed today as most markets are close for Good Friday holiday.

 

Plan A : Attempt selling between 1849-1851

Plan B : Cut above 1854

Plan C : Consider intraday buying if market holds firm above 1837.5

Plan D : Cut below 1831

 

 

FCPO

 

Market once again tumbled at the eleventh hour yesterday. If market does not holds firm above 2620 today, selling pressure could accelerate.

 

Plan A : Overnight buyers must place a sell stop order below 2620 to prevent market from diving

Plan B : Intraday selling can be considered if market rebounds but fails to break above 2666

Plan C : Cut above 2675

Plan D : Consider buying if market rebounds strongly after attempting the 2620 level

Plan E : Cut below 2615

 

 

 

 

 

*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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