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Daily Futures Trading Strategy 3 August 2015

Futurescoin
Publish date: Mon, 03 Aug 2015, 10:51 AM
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HSI Futures

 

U.S. stocks declined on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve could delay an interest-rate hike this year.

Hong Kong's benchmark Hang Seng index ended higher on Friday, but an index tracking Chinese companies fell following ailing mainland shares. Focus today will be on China Caixin PMI data due to released at 9.45 am this morning.

Plan A : Above 24672, do nothing
Plan B : Below 24358, do nothing
Plan C : Attempt selling if market breaks below 24478

Plan D : Cut above 24575
Plan E : Consider intraday buy if market rebounds from 24358

Plan F : Cut below 24358

 

FKLI

Market caught sellers by surprise as it surges fiercely in the afternoon session. Stubborn sellers were being caught off guard as persistent buying pushed market to close high. Market could potentially open little changed today but will be supported overall. Therefore, sellers might want to consider covering their position first if market were to retrace a little today.

Plan A : Consider buying if market holds firm above 1703

Plan B : Cut below 1698
Plan C : Attempt selling if market were to trades below 1713

Plan D : Cut above 1718

 

FCPO

 

FCPO attempted to regain its losses over the week on Friday, however, market could not sustain and retraced back to where it began. Dalian and soybean oil are down while Ringgit further weaken to RM3.83 against the greenback. Intraday investor may stay out and observe the market before entering in the morning session. 

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2134. Target is 2093 and 2077. 

Plan B : Fresh seller and intraday investor may sell if market could rebound and resist at 2110. Target is 2080 and 2077.

Plan C : Buyer stay out of market.

Plan D : Above 2130, do nothing.

Plan E : Below 2100, 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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