Where Futures Lies

Daily Futures Trading Strategy 18 May 2015

Futurescoin
Publish date: Mon, 18 May 2015, 10:36 AM
Futurescoin
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HSI Futures


U.S. stocks were little changed on Friday, with the S&P 500 closing at a record high for a second straight session after a ream of weak economic data.


Hong Kong stocks ended 2 percent higher on Friday, boosted by a sudden surge in afternoon trading on renewed hopes that a cross-border investment scheme between Hong Kong and Shenzhen will soon be announced.


Plan A : Above 27970, do nothing

Plan B : Below 27640, do nothing

Plan C : Consider selling if market fails to trade above 27805

Plan D : Cut above 27970

Plan E : Attempt buying if market corrects but rebounds from 27640

Plan F : Cut below 27640



FKLI


Market surged late on Friday before settling at 1806.5. Market is seeing some support now but it will still be important for market to hold firmly above 1800 level before thinking of surging further from here.


Plan A : Attempt buying if market stays firm above 1806

Plan B : Cut below 1800

Plan C : Consider intraday selling only if market fails to break above 1818

Plan D : Cut above 1823

 

 

FCPO

 

FCPO opened lower today as Dalian and soybean oil are trading weak this morning. Ringgit remains strong at RM 3.57 against the greenback. 

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2200. Target is 2151, 2124 and 2102.

Plan B : Fresh seller may sell if market could rebound and resist around 2186 and 2194. Target is 2151 and 2124.

Plan C : Buyer stay out of market.

Plan D : Above 2200, do nothing.

Plan E : Below 2170, do nothing. 

 

 

*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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