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Daily Futures Trading Strategy 18 September 2015

Futurescoin
Publish date: Fri, 18 Sep 2015, 12:19 PM
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HSI Futures


Major Wall Street indexes gave up a 1-percent rally to end lower on Thursday after the Federal Reserve cited concerns about global economic growth in its decision to hold off on raising interest rates.


Hong Kong's benchmark Hang Seng Index surrendered early gains of as much as 1 percent and ended Thursday lower, dragged by a last-hour slide in mainland stocks, as investors awaited the U.S. Federal Reserve's policy decision later in the day.


Plan A : Above 22249, do nothing

Plan B : Below 21530, do nothing

Plan C : Attempt selling if market stays below 21804

Plan D : Cut above 21890

Plan E : Consider buying if market holds firm above 21707 and triggers a buy

Plan F : Cut below 21790



FKLI


Market opened gap up and surged to an intraday high of 1689.5 before hovering around the 1670-level yesterday as investors stay cautious ahead of Fed rates decision. Market was seen holding quite well overall despite some attempts to pressure the market late in the afternoon. Market is expected to remain firm for the time being even if eager sellers comes in today.


Plan A : Selling to be attempted either near the 1690-level of if market fails to hold above 1660

Plan B : Resistance stood at 1692

Plan C : Attempt buying if market retrace but holds firmly above 1662.5

Plan D : Cut below 1660



FCPO


FCPO opened down on Thursday morning followed by a quick plunge after triggering some stop orders and it eventually ended low towards the eleventh hour. Dalian and soybean oil are slightly weak today while Ringgit marked at RM4.23 against the greenback.


Plan A : Overnight seller hold on to position. Resistance is looking at 2151. Target is 2105 and 2071.

Plan B : Intraday investor and fresh seller may sell if market could rebound and resist at 2143. Target is 2105 and 2071.

Plan C : Buyer may stay out.

Plan D : Above 2150, 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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