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Daily Futures Trading Strategy 9 October 2015

Futurescoin
Publish date: Fri, 09 Oct 2015, 12:12 PM
Futurescoin
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 HSI Futures


U.S. stocks ended higher on Thursday with the S&P 500 closing at a seven-week high as investors saw further signs of dovishness in the Federal Reserve's September meeting minutes which shed light on its decision to keep interest rates near zero.


Hong Kong stocks fell on Thursday, led by energy shares, as investors took profits after the benchmark Hang Seng Index rebounded 8 percent over the past week.


Plan A : Above 22610, do nothing

Plan B : Below 22257, do nothing

Plan C : Consider selling if market fails to break above 22502

Plan D : Cut above 22610

Plan E : Attempt buying if market holds firm above 22367

Plan F : Cut below 22257



FKLI


Market closed relatively well yesterday despite encountering some profit taking after touching an intraday high level of 1694. Market seems like holding well for now and even potentially surging towards the next resistance level of 1730. Investors can consider going long whenever there's any mild correction in the market.


Plan A : Attempt buying if market were to hold firm above 1682 today

Plan B : Cut below 1672

Plan C : Selling to be considered only if market test 1730 level and retrace

Plan D : Cut above 1730



FCPO


FCPO had quick downside after opening on Thursday while afternoon session rebounded and settled at 2276. Dalian and overnight soybean oil are slightly weak whereas Ringgit strengthen to RM4.13 against the greenback. 


Plan A : Overnight seller may hold on to position. Resistance is looking at 2317. Targets are 2232 and 2212.

Plan B : Intraday investor may buy if market could support above 2261. Targets are 2290, 2303 and 2317. 

Plan C : Seller may sell if market fail to break through 2290 or 2317. Targets are 2248 and 2232.

Plan D : Above 2320, do nothing.

Plan E : Below 2250, 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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