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Daily Futures Trading Strategy 18 July 2016

Futurescoin
Publish date: Mon, 18 Jul 2016, 10:33 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


The benchmark S&P 500 and Dow Jones industrial average stock indexes edged up to fresh record intraday highs on stronger-than-expected June retail sales data before trading mostly flat, with financials weighing after disappointing results from big banks.


Hong Kong shares rose on Friday, helped by dovish signals from Federal Reserve and steady China growth data, making this week their best one in 15 months. Japan markets close for Ocean Day celebration today.


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Plan A : Above 21771, do nothing

Plan B : Below 21505, do nothing

Plan C : Attempt buying if market holds firm above 21644

Plan D : Cut below 21554

Plan E : Consider selling if market fails to break above 21771

Plan F : Cut above 21821



FKLI


FKLI finally manged to breach through its MA200 level of 1663 and surged to an intraday high of 1671 before settling at 1668. Market likely to open little changed with some slight upward bias. Buyers should continue holding to their position as long as market stays firm above 1663.


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Plan A : Attempt buying if market corrects and holds firm above 1663

Plan B : Cut below 1659

Plan C : Consider intraday selling only if market surges too fast and fails to break above 1681.5

Plan D : Cut above 1685



FCPO


FCPO surprised investor with lower opening on Friday but without much wait, buy interest flushed in and tipped at 2299 followed by some profit taking. Dalian is relatively strong today while soybean oil is slightly down. Ringgit weakened around RM3.96 to RM3.98 against the greenback. Bear in mind that today is the new month and planning is based on October month.


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Plan A : Buy if market supported above 2263. Targets are 2295, 2310 and 2331.

Plan B : Sell if market opened high and resisted around 2310. Targets are 2270, 2263 and 2251.

Plan C : Above 2310, no fresh position.

Plan D : Below 2263, 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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