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Daily Futures Trading Strategy 2 November 2015

Futurescoin
Publish date: Mon, 02 Nov 2015, 10:41 AM
Futurescoin
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HSI Futures


U.S. stock indexes finished with their strongest monthly performances in four years on Friday, even as they dipped for the day amid a mixed bag of earnings reports.


Asian stocks dipped early on Monday following lackluster Chinese data out over the weekend, while the dollar remained on the defensive against the yen after the Bank of Japan's decision to hold policy steady favored the Japanese currency. Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fueling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.


Plan A : Above 22848, do nothing

Plan B : Below 22586, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 22748

Plan D : Cut above 22848

Plan E : Consider buying if market holds firm above 22686 and triggers a buy

Plan F : Cut below 22686



FKLI


Market remained sluggish despite attempts to rebound from its current low level. Market could once again open lower today after unconvincing performance from Friday's Dow and weak Asian markets. Sellers however, are reminded not to be over bearish at this level as there is a chance of technical rebound after consecutive days of decline.


Plan A : Attempt selling if market rebounds but fails to break above 1669

Plan B : Cut above 1673

Plan C : Intraday buying to be considered if market holds above 1650 and rebounds

Plan D : Cut below 1644



FCPO 
FCPO had wild run lately which market is not ready for a trend as yet. Dalian and soybean oil are at positive side this morning while Ringgit stays at RM4.30 against the US Dollar.


Plan A : Intraday investor may sell if market rebounded and resisted at 2386. Targets are 2344 and 2323.

Plan B : Buy if market retraced and support above 2343. Targets are 2386, 2394 and 2430.

Plan C : Above 2390, do nothing.

Plan D : Below 2340, 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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