Where Futures Lies

Daily Futures Trading Strategy 6 August 2014

Futurescoin
Publish date: Wed, 06 Aug 2014, 10:36 AM
Futurescoin
0 3,350
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 ended down on Tuesday, nose-diving in the afternoon as concerns mounted over escalating tensions in Ukraine.


Hong Kong shares finished slightly higher on Tuesday, as strong gains from index heavyweights HSBC and Tencent outweighed weakness at Chinese banks and energy firms, which were under pressure in a retracement of recent jumps. Bank of England and ECB's rate decision due tomorrow will be monitored closely despite both are expected to leave rates unchanged. 


Holding long

Plan A : 24372-24794, do nothing

Plan B : Below 24372, cut

Plan C : Above 24794, consider taking profits first if market gaps up and retrace

Plan D : Consider turning sell only if market fails to break above 24679 and triggers a sell

Plan E : Cut above 24736



FKLI


Market hold firm yesterday despite weak regional markets. Market look likely to be tested once again today after a triple-digits fall from overnight Dow. 


Plan A : Consider buying if market manage to hold firm above 1871.5

Plan B : Cut below 1867

Plan C : Attempt selling around 1880-1881.5 level

Plan D : Cut above 1887

 

 

FCPO

 

FCPO continue to hover around 2246 to 2280 yesterday and eventually close lower at 2254. Soybean oil was down 55 cents overnight and RBD Pam Olein continue to trade lower. Therefore, market might account for a drop during opening hour. 

 

Plan A : Overnight buyer may take support at 2246 and target is looking at 2342. Investor is advisable to exit the market if market could not hold above the support.

Plan B : Fresh buyer may stay out.

Plan C : Above 2270, do nothing.

Plan D : Below 2230, 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

Discussions
1 person likes this. Showing 0 of 0 comments

Post a Comment