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Daily Futures Trading Strategy 29 July 2016

Futurescoin
Publish date: Fri, 29 Jul 2016, 11:19 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


U.S. stocks mostly ended slightly higher on Thursday,  lead by the tech stocks like Facebook, closed 1% higher after the announcement of the better-than-expected ad revenue. amid the decline of the crude oil. Major indexes Dow closed -15 points, S&P +3 points, while NASDAQ +15 points.


Hang Seng flattened yesterday with minor fluctuation. It's likely that market could consolidate for a few days before the next move. Investor could trade cautiously within range. 


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Plan A : Sell if market rebounded and resisted around 22262. Targets are 22052 and 21714.

Plan B : Buy if market supported above 21952. Targets are 22187 and 22262.

Plan C : Cut below 21952

Plan D : Cut above 22262



FKLI


Market is dangling on a sell signal at this point of time with weak follow through. Today is the settlement day for spot month, therefore, investor could opt to trade the next month. Planning is based on spot month. If you are trading forward month, you could minus the spread.


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Plan A : Sell if market rebounded and resisted around 1663. Targets are 1651, 1649 and 1639. 

Plan B : Buy only if market supported above 1663. Targets are 1672 and 1679.

Plan C : Above 1668, no fresh position.

Plan D : Below 1651, no fresh position.



FCPO


FCPO flattened on Thursday, triggering almost the same low as previous day. Dalian and soybean oil are slightly positive while Ringgit stays at RM4.05 against the greenback.


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Plan A : Sell if market rebounded and resisted around 2329/2338. Targets are 2321, 2310 and 2291.

Plan B : Buy if market opened almost unchanged. Support is 2309. Targets are 2329 and 2338.

Plan C : Above 2338, no fresh position.

Plan D : Below 2309, 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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