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Daily Futures Trading Strategy 9 September 2015

Futurescoin
Publish date: Wed, 09 Sep 2015, 10:44 AM
Futurescoin
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HSI Futures

 

U.S. stocks rose more than 2 percent on Tuesday, bouncing after steep losses last week and a China-fueled rebound in global equities. Hopes for more stimulus measures from the Chinese government increased after data on Tuesday showed that China's imports shrank far more than expected in August, falling for the 10th straight month.

 

Hong Kong stocks rebounded sharply on Tuesday, as a late-afternoon rally in mainland shares prompted bargain hunting in the city's battered stocks. At midday, the Hang Seng was flat, and mainland indexes were down. Then in the afternoon, China indexes began to surge. 

 

Plan A : Above 21307, do nothing

Plan B : Below 20700, do nothing

Plan C : Consider intraday sell if market stays below 21307

Plan D : Cut above 21370

Plan E : Attempt buying if market corrects and holds firm above 20840

Plan F : Cut below 20730

 

 

FKLI

 

Market caught many sellers by surprise for the whole of afternoon session as it opened gap up and rally all the way towards the end. Market triggered a buy signal and sellers were seen covering their positions. A strong rally in the overnight Dow is expected to push FKLI even higher today but resistance should be seen either at 1600 or 1615 level.

 

Plan A : Consider selling if market touch 1610 level and retrace

Plan B : Cut above 1615

Plan C : Attempt buying only if market corrects and holds firmly above 1573

Plan D : Cut below 1567



FCPO


FCPO continue to rally on Tuesday and it touched the high at 2100 at the eleventh hour. Dalian and soybean oil are slightly strong today while Ringgit strengthen to RM4.29 against the US Dollar. Market though it is still on uptrend, however, it is quite risky for fresh buyer to jump in. Investor is advised to wait for opportunity to sell.


Plan A : Overnight buyer may exit if market reach targets at 2103 and 2112. Support is 2073.

Plan B : Intraday investor and fresh seller may sell if market could rebound and resist at 2103 and 2112. Target is 2059.

Plan C : Fresh buyer may stay out.

Plan D : Above 2110, do nothing.

Plan E : Below 2060, do nothing.

  

 

We are doing recruitment for our office in PJ..anyone interested kindly email us at futures.coin@gmail.com. Thank you

 

 

 

 

*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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