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Daily Futures Trading Strategy 23 February 2016

Futurescoin
Publish date: Tue, 23 Feb 2016, 10:23 AM
Futurescoin
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HSI Futures


Wall Street surged on Monday, helped by a robust rally in oil prices that lifted recently crushed energy stocks, including Chevron and Schlumberger.


Hong Kong shares strengthened on Monday, tracking gains in mainland stocks, which jumped after Beijing replaced its top securities regulator and on fresh measures to support the real estate sector.


Plan A : Above 19534, do nothing

Plan B : Below 19321, do nothing

Plan C : Attempt buying if market stays firm above 19402

Plan D : Cut below 19321

Plan E : Consider selling if market gaps up but fails to break above 19534

Plan F : Cut above 19615



FKLI


Market successfully defended above 1671 and rebounded to close at 1680 yesterday. FKLI is expected to open higher today, moving in tandem with regional markets. Gains however, could be capped with resistance seen at 1696.5


Plan A : Attempt buying as long as market stays above 1678

Plan B : Cut below 1674

Plan C : Consider intraday sell if market fails to break above 1690

Plan D : Cut above 1696.5



FCPO


FCPO attempted rebound during second session opening but unsustainable. It eventually tumble 'till the close breaking through the support level for consolidation. Dalian and soybean oil are slightly negative while Ringgit strengthen against the greenback at RM4.18. It is likely that prices may continue to head South today with the add-up factors from the regional markets, Ringgit and the chart formation.

 

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Plan A : If market opened almost unchanged, wait for the rebound and sell if prices resisted around 2579. Targets are 2563, 2540, 2522 and 2515.

Plan B : If market opened gap-down, sell should the rebound resisted around 2566. Targets are 2540, 2515 and 2504.

Plan C : Buy only if market gap-down but support above 2540. Wait for it to stabilize before entering. Targets are 2555, 2566 and 2579.

Plan D : Above 2580, no fresh position.

Plan E : Below 2540, 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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