Where Futures Lies

Daily Futures Trading Strategy 29 April 2014

Futurescoin
Publish date: Tue, 29 Apr 2014, 09:56 AM
Futurescoin
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HSI Futures


The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares.


Hong Kong shares finished down 0.4 percent on Monday, with index heavyweight Tencent the biggest drag as investors worried that a clampdown on online video might affect its revenue. Nikkei will be close for Showa Day Holiday today.


May month contract

Plan A : Above 22151, do nothing

Plan B : Below 21870, do nothing

Plan C : Consider buying if market holds firm above 21883 and triggers a buy

Plan D : Cut below 21870

Plan E : Attempt selling only if market opens gap up but fails to break above 22151

Plan F : Cut above 22252



FKLI


FKLI performed fairly well as compared to other regional markets yesterday. Support at 1848 proven to be the immediate defense line for now. 


Plan A : Attempt buying if market supported well above 1848

Plan B : Cut below 1842

Plan C : Consider selling if market surge but fails to breach above 1863

Plan D : Cut above 1867

 

 

FCPO

 

FCPO is narrowing its trading range and squeezing a breakout from the market. Market seems to support all the way however, today we might experience some turbulence as soybean oil and Dalian palm olein are trading at their negative zones. There is a possibility of market to move downwards if market could not support at its platform.

 

Plan A : Overnight buyer may hold on to position unless support at 2651 is broken. Target is looking at 2744.

Plan B : Intraday investor may sell if market come near to 2680's and could not break 2688. Profit target is looking at 2657 and 2636.

Plan C : Intraday buyer might want to try buying if 2651 is supported. Target is looking at 2682.

Plan D : Above 2710, do nothing.

Plan E :  Below 2630, 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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fortunebullz

Short short short!

2014-04-29 10:03

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