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Daily Futures Trading Strategy 10 May 2016

Futurescoin
Publish date: Tue, 10 May 2016, 10:35 AM
Futurescoin
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HSI Futures


Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.


Hong Kong shares were firm on Monday, despite a second consecutive tumble in mainland stocks, as strength in many Asian markets and higher oil prices bolstered investor appetites. Focus will turn to China CPI data due to be released today.


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Plan A : Above 20363, do nothing

Plan B : Below 19893, do nothing

Plan C : Attempt buying if market holds firm above 20181

Plan D : Cut below 20050

Plan E : Consider selling if market gap up but fails to break above 20363

Plan F : Cut above 20461 



FKLI


FKLI broke below 1629 level yesterday, which was meant to be a strong support. FKLI was seen facing continuously selling pressure despite firm regional markets yesterday. Selling mode is expected to continue today with buyers starting to feel uneasy.


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Plan A : Sell on rebound, possibly around the 1629-1632 level

Plan B : Cut above 1637

Plan C : No buying to be attempted for the moment

Plan D : Next support levels 1617/1608/1598


 

FCPO


FCPO flattened yesterday with minimal intraday range. Dalian and soybean oil are rather weak today while Ringgit further weakened against the U.S. Dollar at RM4.05.


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Plan A : Sell if market resisted around 2674. Targets are 2658, 2650 and 2642. 

Plan B : Buy if market retraced and supported above 2642. Targets are 2674, 2686 and 2704.

Plan C : Above 2674, no fresh position.

Plan D : Below 2642, 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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