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Daily Futures Trading Strategy 5 October 2016

Futurescoin
Publish date: Wed, 05 Oct 2016, 11:07 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 dropped on Tuesday as investors fretted about Britain's exit from the European Union and the prospect of a Federal Reserve interest rate hike in coming months.


Hong Kong stocks posted modest gains on Tuesday led by consumer staples and a rally in developer China Evergrande, but gains were capped by concerns that more cities in China may take steps to cool surging property prices.

 

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Plan A : Above 23866, do nothing

Plan B : Below 23533, do nothing

Plan C : Attempt buying if market holds firm above 23590

Plan D : Cut below 23540

Plan E : Consider selling if market gap up but fails to breach above 23866

Plan F : Cut above 23866



FKLI


FKLI showed signs of weakness, retracing from high of 1669 before settling at 1658 yesterday. Market will be deemed weak as long as it stays below 1662. Market participants will be encourage to initiate a short today, especially if it stays weak below 1662.

 

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Plan A : Attempt selling if market stays below 1659.5

Plan B : Cut above 1663.5

Plan C : Consider buying if market test and rebound strongly from 1648.5

Plan D : Cut below 1648.5


 

FCPO

 

FCPO opened gap down yesterday and visited low at 2577 before shooting back up to 2620. Dalian continue to close for the week while soybean lies at negative territories. Ringgit stays at RM4.14 against the greenback.

 

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Plan A : Buy if market could stabilize and support above 2591. Targets are 2610, 2620, 2634 and 2643.

Plan B : Sell if market rebounded and resisted around 2643. Targets are 2620, 2610, 2591 and 2581. 

Plan C : Above 2643, no fresh position.

Plan D : Below 2591, 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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