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Daily Futures Trading Strategy 23 August 2016

Futurescoin
Publish date: Tue, 23 Aug 2016, 10:37 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 were little changed on Monday as a drop in oil prices that weighed on the energy sector was offset with a strong showing by biotech stocks.


Hong Kong's benchmark stock index reversed earlier losses and closed slightly higher on Monday, but gains were capped by concerns about the weaker yuan and uncertainty over when the U.S. central bank will raise interest rates again.


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Plan A : Above 23231, do nothing

Plan B : Below 22850, do nothing

Plan C : Attempt buying if market stays firm above 22900

Plan D : Cut below 22850

Plan E : Consider intraday selling if market opens gap up but fails to break above 23210

Plan F : Cut above 23231



FKLI


FKLI performed relatively well yesterday, rebounding from an intraday low level of 1684 before settling at day's high level of 1693. Market might open slightly lower today but it is still deemed to be firm as long as it stays above 1689. 


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Plan A : Attempt buying if market retrace and holds firm above 1689

Plan B : Cut below 1685

Plan C : Consider selling only if market test 1700-level once again and fails to breach through

Plan D : Cut above 1704



FCPO


FCPO attempted a recovery during the opening hour yesterday, however, the flush in of seller later on depressing the market swiftly, followed by some rebound attempt. Dalian and soybean oil are slightly weak this morning while Ringgit stays at RM4.02 against the greenback.


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Plan A : Buy if market opened down but supported above 2507. Targets are  2540, 2546 and 2556.

Plan B : Sell if market rebounded and resisted around 2546. Targets are 2529, 2516, 2507 and 2486.

Plan C : Above 2546, no fresh position.

Plan D : Below 2507, 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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