Where Futures Lies

Daily Futures Trading Strategy 22 August 2016

Futurescoin
Publish date: Mon, 22 Aug 2016, 10:54 AM
Futurescoin
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HSI Futures


U.S. stocks edged lower on Friday, led by declines in utility shares as investors weighed prospects for an interest rate increase in the coming months.


Hong Kong shares finished lower on Friday as investors are cautious about the coming central bank chiefs' meeting in Wyoming.


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Plan A : Above 23012, do nothing

Plan B : Below 22717, do nothing

Plan C : Attempt selling if market stays below 22921

Plan D : Cut above 23012

Plan E : Consider buying if market opens gap down but rebounds from 22717

Plan F : Cut below 22717



FKLI


Market opened high on Friday and came down thereafter, triggering some intraday sell signal. FKLI however, still managed to close above its daily support of 1683. A muted open can be expected today with regional markets mostly little changed. 


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Plan A : Attempt buying if market stays firm above 1683

Plan B : Cut below 1678

Plan C : Consider intraday selling if market stays below 1691

Plan D : Cut above 1694



FCPO



FCPO continue to swing up to 2625 last Friday closing the gap from previous slip over lunch. Then it slowly pressurized by seller towards the final hour, eventually settled at 2578. Dalian and soybean oil are slightly mixed while Ringgit stays at RM4.02 against the greenback.


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Plan A : Sell if market rebounded and resisted around 2608. Targets are 2592, 2574, 2554 and 2546.

Plan B : Buy only if market stabilized and supported above 2592. Targets are 2625 and 2634.    

Plan C : Above 2608, no fresh position.

Plan D : Below 2592, 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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