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Daily Futures Trading Strategy 12 January 2016

Futurescoin
Publish date: Tue, 12 Jan 2016, 10:26 AM
Futurescoin
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HSI Futures


The Dow and S&P 500 ended a volatile session up slightly on Monday in a late turnaround, but a drop in biotechs and energy shares kept a lid on the market.


Hong Kong shares finished down on Monday after major mainland indices closed at their lowest levels since September.


Plan A : Above 20199, do nothing

Plan B : Below 19738, do nothing

Plan C : Consider intraday long if market holds firm above 19999

Plan D : Cut below 19950

Plan E : Attempt selling if market rebounds but fails to break above 20110

Plan F : Cut above 20199



FKLI


Market continued to be weak after failing to hold above 1648 yesterday. Market look likely to test its next support level of 1628 soon. Failure to hold above 1628 would see market heading towards 1608 in the near future.


Plan A : Attempt selling if market rebounds but fails to break above 1644

Plan B : Cut above 1648

Plan C : Consider intraday long only if market stays resilient above 1628 and rebounds

Plan D : Cut below 1628

 

 

FCPO

 

FCPO slumped towards the second session after tipping at 2453. Market trended a sell on Monday with a strong boost of volume when the morning low broke. Dalian and overnight soybean oil are leaning towards negative territories while Ringgit vs U.S. Dollar hovers around RM4.38 to RM4.41 for recent play.

 

Plan A : Overnight seller hold on to position. Resistance is looking at 2418. Targets are 2363, 2342 and 2298.

Plan B : Sell if market rebounded and resisted around 2406. Targets are 2363 and 2342. Apply when there is no gap-down at opening.

Plan C : If market gap-down at opening, sell if resistance at 2384 not broken. Targets are 2363, 2350 and 2342.

Plan D : Buying is opportunistic play and it is a pace game. If market gap-down at opening and support above 2363. May try to buy. Target is 2384.

Plan E : Above 2406, no fresh position.

Plan F : Below 2360, 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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