Where Futures Lies

Daily Futures Trading Strategy 5 May 2014

Futurescoin
Publish date: Mon, 05 May 2014, 10:01 AM
Futurescoin
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HSI Futures


U.S. stocks eased on Friday as concerns about more violence in Ukraine prompted profit-taking ahead of the weekend and offset optimism about the fastest job growth in more than two years.


Hong Kong shares ended up on Friday, averting a third straight week of losses, as gambling stocks rose on improved revenue and Chinese railway counters jumped on increased infrastructure investment plans. China manufacturing PMI due to release at 9.45am today while Hong Kong market will be close tomorrow for Birthday of Buddha. Japan and Korea will be close for both today and tomorrow.


Plan A : Above 22095, do nothing

Plan B : Below 21845, do nothing

Plan C : Attempt selling if market opens higher but fails to break above 22095

Plan D : Cut above 22151

Plan E : Consider buying if market supports well above 21845 and triggers a buy

Plan F : Cut below 21845



FKLI


FKLI managed to surge back higher towards the last hour of last Friday's trading but resistance at 1871 seems to be a tough nut to crack. Range bound trading could continue as long as market stays between the range of 1852-1871


Plan A : Attempt selling if market fails to break above 1871

Plan B : Cut above 1874

Plan C : Consider buying if market opens low but stubbornly holds above 1855

Plan D : Cut below 1852



FCPO

 

FCPO gapped down in the morning and eventually closed 2592 last week. Soybean oil seems to recover and market might open higher. Overall trend is looking downwards, however, market might try to close the gap before the drop.

 

Plan A : Overnight seller might want to hold on to position, taking resistance at 2625. Profit target looking at 2525.

Plan B : Intraday investor might sell if market come near to 2610 and could not break the resistance. Profit target looking at 2572 and 2558.

Plan C : Buyer may want to stay out at this stage.

Plan D : Above 2620, do nothing.

Plan E : Below 2550, 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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