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Daily Futures Trading Strategy 16 March 2015

Futurescoin
Publish date: Mon, 16 Mar 2015, 10:49 AM
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HSI Futures


U.S. stocks fell on Friday and the Dow and S&P 500 registered a third week of losses as the dollar resumed its climb, adding to worries about its impact on U.S. multinationals' earnings.


Hong Kong stocks ended firmer on Friday, led by mainland financial shares after China's central bank governor said on Thursday that Beijing is comfortable with the current macroeconomic environment.


Holding long

Plan A : 23636-24107, do nothing

Plan B : Below 23636, cut

Plan C : Above 24107, consider taking profits first if it couldn't sustain

Plan D : Consider intraday sell if market fails to break above 23885 and triggers a sell

Plan E : Cut above 23902



FKLI


Market closed at day's low level last Friday after retracing from morning high of 1789. Market was visibly weak with persistent selling pressure.


Plan A : Attempt selling if market rebounds but fails to break above 1778

Plan B : Cut above 1788

Plan C : Consider buying only if market test 1756 and rebound

Plan D : Cut below 1750

 

 

FCPO

 

FCPO narrowed down its daily range last Friday after visiting the high at 2251. Dalian and overnight soybean oil are both down which in turns might cause a gap down for crude palm oil during opening. Ringgit remains weak at RM 3.69 against U.S. Dollar.

 

Plan A : Intraday investor might buy if market gap down below 2200 during opening and support at 2189. Place a stop. Target is 2224. 

Plan B : Seller may sell if market could rebound and resist near 2224. Target is 2174 and 2101. Hold overnight if market close below 2200.

Plan C : Above 2230, do nothing.   

Plan D : Below 2210, do nothing unless market gap down during opening, follow plan A if so.



*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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