Where Futures Lies

Daily Futures Trading Strategy 30 September 2014

Futurescoin
Publish date: Tue, 30 Sep 2014, 10:23 AM
Futurescoin
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HSI Futures


U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries about Chinese growth and after a disappointing forecast from Ford Motor Co. 


Hong Kong shares ended at their lowest in 2-1/2 months on Monday, as pro-democracy protesters clashed with police in the city's worst unrest since China took back control of the former British colony in 1997. China market will be closed from tomorrow onwards and only resuming on the 8th Oct for its Golden Week Holiday. Hong Kong too, will be closed both tomorrow and Thursday for National Day and Chung Yeung festival.


Plan A : Above 23451, do nothing

Plan B : Below 23118, do nothing

Plan C : Consider selling if market rebounds but fails to break above 23314

Plan D : Cut above 23451

Plan E : Wait for market to stable itself above 23118 before considering buying

Plan F : Cut below 23071



FKLI


Market found a more stable footing yesterday and stayed firm despite selling pressure in the regional markets and also weaker RM against USD. Sentiment could continue to improve today as long as market stays firm above 1840 level


Plan A : Attempt buying if market stays firm above 1840

Plan B : Cut below 1837

Plan C : Consider intraday sell if market fails to break above 1852

Plan D : Cut above 1856

 

 

FCPO

 

FCPO had a slight correction over the past two days and today it might start to ramp again as both soybean oil and Dalian markets are trading up. Overall view is still an uptrend and market might continue to stay positive if support is intact.

 

Plan A : Overnight buyer may hold on to position. Support is 2176. Target is 2248 and 2323.

Plan B : Intraday investor could buy if 2188 is supported. Target is 2248.

Plan C : Seller stay out of market.

Plan D : Above 2250, do nothing.

Plan E : Below 2170, 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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