Where Futures Lies

Daily Futures Trading Strategy 9 May2016

Futurescoin
Publish date: Mon, 09 May 2016, 10:46 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 higher Friday, amid gains in oil prices, after the headline figure in the April employment report missed expectations.


Hong Kong shares fell for the fifth day in a row on Friday, posting their biggest weekly loss in nearly three months, as the market's rebound since mid-February unraveled amid resurfacing worries about global growth.

 

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Plan A : Above 20237, do nothing

Plan B : Below 19739, do nothing

Plan C : Attempt selling if market rebounds but fails to break above 20142

Plan D : Cut above 20237

Plan E : Consider buying if market holds firm above 19893 and rebounds

Plan F : Cut below 19880



FKLI


FKLI look like forming a temporary bottom at 1629 level with another strong rebound last Friday after touching an intraday low of 1629.5 before settling at 1641. A landslide victory for BN in Sarawak might act as a catalyst for market to rally today. However, sellers might not give out entirely yet. Hence, it will be an important day for FKLI today. 

 

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Plan A : Attempt buying if market holds firmly above 1646

Plan B : Cut below 1641

Plan C : Consider selling if market fails to breach above 1652

Plan D : Cut above 1656



FCPO


FCPO had a strong boost last Friday with high closing. Dalian and overnight soybean oil spiked while Ringgit stays at RM3.99 against the greenback.

 

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Plan A : Sell if market resisted around 2674. Targets are 2643 and 2628.

Plan B : Buy if market retraced and supported above 2643. Targets are 2662, 2674 and 2704.

Plan C : Above 2674, no fresh position.

Plan D : Below 2643, 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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