Where Futures Lies

Daily Futures Trading Strategy 24 October 2014

Futurescoin
Publish date: Fri, 24 Oct 2014, 10:26 AM
Futurescoin
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HSI Futures


Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker.


Hong Kong main share index finished lower on Thursday in line with regional bourses, but further declines were capped by slightly stronger China manufacturing activity. 


Holding long

Plan A : 23128-23674, do nothing

Plan B : Below 23128, cut

Plan C : Above 23674, consider taking profits if market couldn't sustain

Plan D : Consider turning sell only if market stays below 23229

Plan E : Cut above 23405



FKLI


Market did a remarkable rebound and triggered a buy signal along the way yesterday. Market could have reversed from its bear trend and trading higher for remainder of the month, pending any negative surprises. 


Holding long

Plan A : 1800-1825, do nothing

Plan B : Below 1800, liquidate

Plan C : Above 1825, consider taking profits if market couldn't hold firm

Plan D : Consider intraday sell if market do a quick surge but fails to break above 1825

Plan E : Cut above 1828

 

 

FCPO

 

FCPO has finally break through the consolidation range and continue to move upwards. Today it might open slightly higher as overnight soybean oil and Dalian market are trading at positive net change. 

 

Plan A : Overnight hold on to position. Support is looking at 2135. Target is 2263 and 2413.

Plan B : Intraday investor may buy if market supported at 2158. Target is 2223.

Plan C : Seller stay out.

Plan D : Above 2200, do nothing.

Plan E : Below 2150, 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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