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Daily Futures Trading Strategy 18 August 2015

Futurescoin
Publish date: Tue, 18 Aug 2015, 11:02 AM
Futurescoin
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HSI Futures


U.S. stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.


Hong Kong's key share index fell to a more than one-month low on Monday, ignoring a firmer close in Chinese stocks, as fears of further depreciation in the yuan drove investors to switch their focus back to the weak local economy.


Plan A : Above 24000, do nothing

Plan B : Below 23627, do nothing

Plan C : Attempt selling if market stays below 23830

Plan D : Cut above 24000

Plan E : Consider intraday buy if market stays firm above 23681 and rebounds

Plan F : Cut below 23627



FKLI


Market continued to dive after failing to hold above 1567 yesterday. Every rebound will now be seen as an opportunity to sell as RM remains weak against greenback and also political instability in Malaysia.


Plan A : Attempt selling if market rebounds but fails to break above 1569

Plan B : Cut above 1580

Plan C : No buying to be attempted for the time being

Plan D : Next support level seen at 1526

 

 

FCPO

 

FCPO set for mild correction yesterday and stayed stagnant for the second session. Dalian and soybean oil are slightly down while Ringgit remains weak at RM4.10 against the greenback. Market signals are quite mixed, however, sell trend is still intact in overall view until market stabilized.

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2061. Target is 2021, 2006 and 1990.

Plan B : Intraday investor and fresh seller may sell if market could resist at 2047. Target is 2021 and 2006. 

Plan C : Buyer may stay out of market unless market starts to stabilize and could stay above 2047. Target is 2091 and 2135.

Plan D : Above 2060, do nothing.

Plan E : Below 2020, do nothing. 

 

 



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*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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