Where Futures Lies

Daily Futures Trading Strategy 27 May 2014

Futurescoin
Publish date: Tue, 27 May 2014, 11:10 AM
Futurescoin
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HSI Futures


European equities ended higher in thin trading on Monday, with Italian shares outperforming the regional market after voters endorsed Prime Minister Matteo Renzi's centre-left Democratic Party's reforms in European elections. In Germany, Chancellor Angela Merkel's conservatives won the most votes in the elections, helping the benchmark DAX index to climb to a new record high of 9,893.81 points.


Hong Kong shares finished flat on Monday, as weakness in energy counters offset strength in Chinese car makers.


Plan A : Above 23156, do nothing

Plan B : Below 22837, do nothing

Plan C : Attempt intraday selling if market fails to break above 23156 and triggers a sell

Plan D : Cut above 23156

Plan E : Consider buying only if market stubbornly holds above 22837 and triggers a buy again

Plan F : Cut below 22784



FKLI


Yesterday capped a sixth consecutive days of decline for FKLI. A technical rebound could come today if market manage to hold firm above 1862


Plan A : Attempt intraday buying if market holds firm above 1862 and rebounds

Plan B : Cut below 1857

Plan C : Try selling if market comes close to 1872 but couldn't breach through

Plan D : Cut above 1875

 

 

FCPO

FCPO triggered some sell signal yesterday morning and it visited to the low of 2483. However, it successfully rebounded to the high of 2512 during the second session, rendering the market to idle around mixed signal. Investor might want to sell at rebound as market seems to form the right shoulder for head and shoulder formation.

 

Plan A : Overnight buyer should have exited yesterday as support is broken. If you have not, it is advisable to exit by today.

Plan B : Intraday investor may sell at rebound. Resistance is looking at 2514 and profit target is looking at 2472. May hold overnight if market close below 2470.

Plan C : Above 2520, do nothing.

Plan D : Below 2470, do nothing.

Plan E : Buyer may stay out.

 


*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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