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Daily Futures Trading Strategy 18 November 2015

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Publish date: Wed, 18 Nov 2015, 10:23 AM
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U.S. stocks forfeited gains on Tuesday after a soccer match between Germany and the Netherlands was called off over fears of a bombing. All three major U.S. indexes had ventured into positive territory following upbeat earnings reports from Wal-Mart and Home Depot. But they quickly relinquished those gains after the friendly match was canceled less than two hours before its start due to indications of a planned attack with explosives at the stadium in Hanover.


Hong Kong stocks rose roughly 1 percent on Tuesday, reflecting strength in most Asian markets after an overnight rally in Wall Street signaled receding anxiety from Friday's deadly attacks in Paris.


Plan A : Above 22541, do nothing

Plan B : Below 22075, do nothing

Plan C : Attempt buying if market stays firm above 22265

Plan D : Cut below 22218

Plan E : Consider intraday sell if market gaps up but fails to break above 22490

Plan F : Cut above 22541



FKLI


Market hold relatively well despite some intraday profit taking selling from 1674.5 to 1659.5. Market was seen trying to hold well and decouple itself from further selling. A firm hold above 1660 would be important for it to form a strong support before rallying further. Failure to do so would see market diving towards 1630 levels once again.


Plan A : Attempt buying if market holds firm above 1660

Plan B : Cut below 1655

Plan C : Consider intraday sell if market surges but fails to break above 1676 and retrace

Plan D : Cut above 1676

 

 

FCPO

 

FCPO stayed high after the morning gap-up on Wednesday, selling pressure came during second session and once again supported above 2280's level. Dalian and soybean oil are slightly weak while Ringgit stays at RM4.38 against the US Dollar.

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2325. Targets are 2260, 2245 and 2156.

Plan B : Sell if market resist at 2305. Targets are 2285, 2260 and 2245.

Plan C : Buy only if market flat out and formed a support at 2280's level. Targets are 2305, 2315 and 2325.

Plan D : Above 2330, do nothing.

Plan E : Below 2260, 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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