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Daily Futures Trading Strategy 24 November 2015

Futurescoin
Publish date: Tue, 24 Nov 2015, 10:12 AM
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HSI Futures


U.S. stock indexes closed slightly lower in a quiet trading day on Wall Street after last week's strong gains, while a big healthcare deal failed to impress investors on Monday. Investors were also bracing for a slew of economic data expected ahead of the long, Thanksgiving weekend.


Hong Kong shares fell on Monday, taking cues from weak mainland markets and as investors braced for a likely rise in U.S. interest rates next month.


Plan A : Above 22848, do nothing

Plan B : Below 22563, do nothing

Plan C : Attempt buying if market holds firm above 22646

Plan D : Cut below 22563

Plan E : Consider selling if market gaps up but fails to break above 22848 and retrace

Plan F : Cut above 22848



FKLI


Market was seen trying to find a firmer footing after rebounding from day low of 1660 before settling at 1668 yesterday. With overnight Dow closing in negative territory, FKLI would have to brace for some mild selling in the morning but it will be all too important for market to at least hold above 1660 today if it were to stand any chance of avoiding another sell off.


Plan A : Attempt buying if market holds firm above 1665

Plan B : Cut below 1660

Plan C : Consider intraday sell if market surges but fails to break above 1676.5

Plan D : Cut above 1682.5

 

 

FCPO

FCPO tumbled after a surge on Monday morning, however, the commotion was at a slower pace where second session flattened. Dalian and soybean oil are slightly towards upside while Ringgit strengthen to RM4.27 against the greenback.

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2325. Targets are 2260, 2216 and 2156.

Plan B : Sell if market rebounded and resisted at 2297. Targets are 2260 and 2216.
Plan C : Buy if market stay above 2297. Targets are 2322 and 2346. Wait for market to flat out before entering.

Plan D : Above 2310, do nothing.

Plan E : Below 2280, 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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