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Daily Futures Trading Strategy 19 November 2015

Futurescoin
Publish date: Thu, 19 Nov 2015, 10:46 AM
Futurescoin
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HSI Futures


U.S. stocks closed higher on Wednesday and investors appeared positively inclined toward higher rates after minutes from the Federal Reserve October meeting showed a solid core of officials rallied behind a possible December rate hike.


Hong Kong stocks slipped on Wednesday, taking cues from weak mainland markets, even as property shares rose on encouraging China home price data.


Plan A : Above 22403, do nothing

Plan B : Below 22094, do nothing

Plan C : Attempt buying if market stays firm above 22264

Plan D : Cut below 22188

Plan E : Consider intraday selling if market gaps up but fails to break above 22403

Plan F : Cut above 22488



FKLI


Market tumbled all the way after touching an intraday highest level of 1670. FKLI must at least find a firm footing above 1646 today if it were to refrain itself from anymore selling. Failure to hold would see market test the 1635 levels once again. Otherwise, a rebound to 1657 would be possible today.


Plan A : Consider buying if market holds firm above 1646 and rebound

Plan B : Cut below 1640

Plan C : Attempt selling if market rebounds but fails to break above 1657

Plan D : Cut above 1660



FCPO


FCPO opened flushed down to 2274 but it couldn't sustain and it formed a support platform at 2290's level followed by a rebound to high of 2325. Dalian and soybean oil are slightly weak while Ringgit had great rebound to RM4.34 against the greenback.


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

Plan B : Buy if market flat out and stay above 2310. Targets are 2329 and 2347.

Plan C : Sell if market rebounded and could not breach 2310. Targets are 2260 and 2245.

Plan D : Above 2320, no fresh position.

Plan E : Below 2290, no fresh position.



*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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