Where Futures Lies

Daily Futures Trading Strategy 31 October 2014

Futurescoin
Publish date: Fri, 31 Oct 2014, 10:31 AM
Futurescoin
0 3,350
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HSI Futures


U.S. stocks rose on Thursday, boosted by a strong reading on quarterly economic growth and by another round of upbeat earnings reports including Visa, which accounted for nearly 140 points in the Dow industrials.


Hong Kong shares ended lower on Thursday, as investors sold shares in companies that posted weaker earnings for the third quarter.


Plan A : 23670-23884, do nothing

Plan B : Below 23670, attempt selling

Plan C : Cut above 23884

Plan D : Consider buying if market stays firm above 23884

Plan E : Cut below 23670



FKLI


Market failed to stay firm above 1845 amid weaker RM. Market will attempt another final push for the last trading of the month today. Buyers might want to consider taking profits temporary if market remain trading under 1845 today.


Holding long

Plan A : 1839-1865.5, do nothing

Plan B : Below 1839, liquidate

Plan C : Above 1865.5, take profits

Plan D : Consider intraday sell if market fails to break above 1855

Plan E : Cut above 1859



FCPO


FCPO could not sustain above 2300 level yesterday and it retraced to low of 2270. The opening price might not deviate too far from yesterday closing as the regional soybean oil and Dalian markets are quite mixed in trading.


Plan A : Overnight buyer hold on to position. Support is looking at 2233. Target is 2413.

Plan B : Intraday investor might sell if market could rebound and resisted at 2295. Target is 2256.

Plan C : Above 2300, do nothing.

Plan D : Below 2250, 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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