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Daily Futures Trading Strategy 1 December 2014

Futurescoin
Publish date: Mon, 01 Dec 2014, 10:27 AM
Futurescoin
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HSI Futures


U.S. stocks ended mostly flat in a holiday-shortened session on Friday as a massive decline in the energy sector offset strength in consumer names, but major indexes rose for a sixth straight week.


Hong Kong shares ended November slightly down, despite an ongoing rally in mainland indexes and in Hong Kong-listed Chinese companies. China's monthly PMI and Australia's Q3 GDP will take the spotlight today.


Plan A : Above 24177, do nothing

Plan B : Below 23909, do nothing

Plan C : Consider selling if market fails to break above 24177 and triggers a sell

Plan D : Cut above 24349

Plan E : Attempt buying if market consolidates well above 23909

Plan F : Cut below 23807



FKLI


Market plunged on last trading day of October last week as crude oil prices tumbled down. Market is expected to be lackluster today as Ringgit weaken to 3.40 against greenback.


Holding sell

Plan A : 1792-1828, do nothing

Plan B : Above 1828, cover position

Plan C : Below 1792, consider taking profits

Plan D : Consider intraday buy only if market tests and holds firmly above 1806

Plan E : Cut below 1803



FCPO


FCPO tumbled to low of 2150 last Friday and it eventually closed at 2172. Market is relatively weak despite the fact that Ringgit has further weaken to RM3.42 against the greenback. Dalian has limit down for the first session and the weak overnight soybean oil may trigger new low to the market opening.


Plan A : Overnight seller hold on to position. Resistance is 2172. Target is 2064.

Plan B : Seller may sell if market rebounded and could not break 2150. Target is 2104.

Plan C : Above 2170, do nothing.

Plan D : Below 2100, do nothing.

Plan E : Buyer stay out of market.

 


*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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