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Daily Futures Trading Strategy 19 October 2015

Futurescoin
Publish date: Mon, 19 Oct 2015, 10:41 AM
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HSI Futures


U.S. stocks ended higher on Friday, notching a third week of gains, lifted by a jump in General Electric shares and upbeat consumer sentiment data.


Hong Kong shares rose to a two-month high on Friday, on hopes for more stimulus moves by Beijing and rising expectations that the United States won't raise interest rates this year. Attention will all turn to a strings of data from China later at 10 am. 


Plan A : Above 23216, do nothing

Plan B : Below 23008, do nothing

Plan C : Consider selling if market fails to break above 23216

Plan D : Cut above  23240

Plan E : Attempt buying if market holds firm above 23008

Plan F : Cut below 22950



FKLI


Market continued its consolidation stage last Friday with market staying below 1716 for most of the time. Market would at least need to stay firm above 1694.5 if it were to avoid any selling pressure flowing into the market. Failure to regain footings above 1714 could spell disasters to the late buyers


Plan A : Consider intraday sell if market stays below 1714

Plan B : Cut above 1718

Plan C : Attempt buying if market corrects but holds firm above 1694.5

Plan D : Cut below 1690

 

 

FCPO

 

FCPO was quite strong in the morning until selling pressure came in during the second session on last Friday. Dalian and soybean oil are mixed today while Ringgit further weakened to RM4.21 against the greenback.

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2325. Targets are 2277 and 2257.

Plan B : Intraday investor may sell if market rebounded and resisted near 2325. Targets are 2298, 2277 and 2257.

Plan C : Buy if market support above 2298. Targets are 2325 and 2368. Intraday only.

Plan D : Above 2330, do nothing.

Plan E : Below 2290, 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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