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Daily Futures Trading Strategy 29 August 2016

Futurescoin
Publish date: Mon, 29 Aug 2016, 10:37 AM
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HSI Futures


U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials.


Hong Kong stocks rose on Friday but were flat for the week, reflecting investor caution ahead of a speech by Federal Reserve Chair Janet Yellen.

 

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Plan A : Above 23150, do nothing

Plan B : Below 22890, do nothing

Plan C : Attempt buying if market holds resiliently above 22910

Plan D : Cut below 22860

Plan E : Consider selling if market opens gap up but fails to breach above 23150

Plan F : Cut above 23210



FKLI


Market was seen hovering above 1680-level for most of the time last Friday before settling at 1682.5. FKLI is expected to find some supports today amid weaker Japanese Yen. FKLI stand a good chance of avoiding itself from further panic selling if it manage to close firm above 1682.5 today.


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Plan A : Attempt buying if market holds firm above 1682.5

Plan B : Cut below 1678

Plan C : Consider selling if market rebounds but fails to breach above 1688

Plan D : Cut above 1693



FCPO

 

FCPO opened lower and dived down to 2523 for a start, however, the buying interest still remain strong where it pushed up the market to 2567 over the second session lats Friday. Dalian is rather positively strong this morning while soybean oil is lying at negative territory. Ringgit further weaken to RM4.04 against the greenback.


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Plan A : Sell only if market could stay below 2552. Targets are 2537, 2516, 2507 and 2485.

Plan B : If market opened higher, sell only if market failed to rebound to 2589. Targets are 2567, 2556, 2545 and 2537.

Plan C : Buy if market retraced and supported above 2552. Targets are 2589, 2595 and 2619.

Plan D : Above 2589, no fresh position.

Plan E : Below 2537, 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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