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Daily Futures Trading Strategy 6 May 2016

Futurescoin
Publish date: Fri, 06 May 2016, 10:24 AM
Futurescoin
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We track market on a daily basis and we adjust our planning according to the market movement. It is very vital for traders to adapt and react to changes.We have prioritized group that gets our first hand info on trading. If you are interested, please drop us an email at futures.coin@gmail.com for further detail. On the other hand, please follow us at our blog http://futurescoin.blogspot.com/ as posting will be early in our blog than I3investor.

HSI Futures


U.S. stocks closed narrowly mixed Thursday as oil failed to hold much of its intraday gains and investors awaited the key employment report due Friday.


Hong Kong shares tracked U.S. markets lower on Thursday, with the benchmark index falling for the fourth day in a row as worries about global economic growth resurfaced.

 

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Plan A : Above 20416, do nothing

Plan B : Below 20214, do nothing

Plan C : Attempt selling if market rebounds but fails to breach above 20324

Plan D : Cut above 20416

Plan E : Consider buying if market stays firm above 20214 and triggers a buy

Plan F : Cut below 20214



FKLI


FKLI attempted a surge late afternoon but ended up failing to stay above 1644. Selling pressure look likely to stay for the time being. Investors might want to be more patient before initiating a new trade from now on.

 

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Plan A : Attempt selling if market fails to breach above 1644

Plan B : Cut above 1649

Plan C : Consider buying if market stays resiliently above 1630

Plan D : Cut below 1626



FCPO


FCPO went further up yesterday to highest of 2643 then it tumbled towards the final hour with seller pressuring the market. Dalian and soybean oil traded weak this morning while Ringgit stays at RM4.00 against the greenback. 

 

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Plan A : Sell if market rebounded and resisted around 2607. Targets are 2589 and 2571.

Plan B : If market opened gap down, wait for market to stabilize. Buy if market supported above 2589 and 2571. Targets are 2607 and 2616.

Plan C : Above 2607, no fresh position.

Plan D : Below 2571, 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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