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Daily Futures Trading Strategy 22 July 2016

Futurescoin
Publish date: Fri, 22 Jul 2016, 11:05 AM
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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


Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate earnings season that has been better than feared.


Hong Kong's benchmark share index closed above 22,000 on Thursday for the first time this year, joining a regional rally that led many Asian bourses higher.


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Plan A : Above 22053, do nothing

Plan B : Below 21714, do nothing

Plan C : Attempt selling if market stays trading below 21916

Plan D : Cut above 22000

Plan E : Consider buying only if market open gap down and rebound from 21714

Plan F : Cut below 21714



FKLI


U.S. Justice Department's lawsuit against 1MDB spooked Malaysian market yesterday with FKLI closing at 1652.5, which was down 19-points. A lower opening can be expected today after overnight Dow lost 77-points and more queries into 1MDB scandal. Investors however, are to be reminded not to chase selling at too low level to prevent backfire. 


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Plan A : Attempt buying if market stays firm above 1645 after a lower opening

Plan B : Cut below 1639

Plan C : Consider selling only if market rebounds and fails to break above 1657

Plan D : Cut above 1661



FCPO


FCPO tipped at 2368 on Thursday, swinging up and down within narrow range of 2340's to 2360's towards the second session. Dalian and soybean oil are weak this morning while Ringgit further weakened to RM4.06 against the greenback.


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Plan A : Sell if market rebounded and resisted 2355. Targets are 2330, 2312 and 2293.

Plan B : Buy if market supported above 2312. Targets are 2330, 2340 and 2349.

Plan C : Above 2312, no fresh position.

Plan D : Below 2355, 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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