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Daily Futures Trading Strategy 21 May 2014

Futurescoin
Publish date: Wed, 21 May 2014, 09:59 AM
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We track market on a daily basis and we adjust our planning according to the market movement. It is very vital for traders to adapt and react to changes.We have prioritized group that gets our first hand info on trading. If you are interested, please drop us an email at futures.coin@gmail.com for further detail. On the other hand, please follow us at our blog http://futurescoin.blogspot.com/ as posting will be early in our blog than I3investor.

HSI Futures


U.S. stocks fell in a broad selloff on Tuesday, with major indexes hitting session lows in afternoon trading, led by losses in the retail sector after disappointing results from Staples and TJX Companies.


Hong Kong's benchmark index rose to a five-week closing high on Tuesday, helped by China Mobile after a broker upgrade pushed shares of the telecom giant to their highest since January.


Plan A : Below 22519, do nothing

Plan B : Above 22839, do nothing

Plan C : Consider selling if market gaps up but fails to break above 22839 and turn negative

Plan D : Cut above 22861

Plan E : Attempt buying if market holds stubbornly above 22519 and triggers a buy again

Plan F : Cut below 22519



FKLI


Market once again failed to break above 1886 and showed signs of tiredness in the afternoon session. Market could potentially continue with its minor correction with support seen at 1867


Holding a short

Plan A : 1867-1882 , do nothing

Plan B : Above 1882, cut

Plan C : Below 1867, consider taking profits if it gaps down and rebound

Plan D : Consider intraday buying only if it test and holds firmly above 1867

Plan E : Cut below 1862



FCPO

 

FCPO continue to record losses yesterday and it might not be surprised to see a gap down during opening as the competitive substituents are trading in negative zones.

 

Plan A : Overnight seller could hold on to position. Resistance is looking at 2552. Profit target is looking at 2474 and 2396.

Plan B : Intraday investor may sell at rebound, taking resistance at 2541. Profit target is looking at 2497 and 2474.

Plan C : Buyer may stay out.

Plan D : Above 2560, do nothing.

Plan E : Below 2490, 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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