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Daily Futures Trading Strategy 18 October 2016

Futurescoin
Publish date: Tue, 18 Oct 2016, 10:21 AM
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HSI Futures


Wall Street ended modestly lower on Monday as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.


Hong Kong shares drifted near 1-1/2-month lows on Monday, as a cautious mood prevailed ahead of a slew of China data this week that investors hope will paint a clearer picture of how the world's second largest economy is faring.


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Plan A : Above 23116, do nothing

Plan B : Below 22920, do nothing

Plan C : Attempt selling if market stays below 23080

Plan D : Cut above 23116

Plan E : Consider buying if market holds resiliently above 22920 and rebound

Plan F : Cut below 22920



FKLI


FKLI continued to tumble yesterday with market closing almost at day's low level. Another weak performance can be expected today if market were to trade below 1652. Bargain hunters might want to consider wait for market to stabilize before taking any actions.


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Plan A : Attempt selling if market rebounds but fails to breach above 1652

Plan B : Cut above 1656

Plan C : Consider intraday buying only if market stabilizes above 1640

Plan D : Cut below 1636




FCPO


FCPO surged up in the morning yesterday and the rally resumed after opening without much retrace. Dalian and soybean oil are remain strong this morning while Ringgit stays at RM4.20 against the greenback.


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Plan A : Sell if market opened gap up but resisted around 2787. Targets are 2772, 2757 and 2744.

Plan B : Buy if market retraced but stabilized above 2744. Targets are 2757, 2772, 2787 and 2802.

Plan C : Above 2787, no fresh position.

Plan D : Below 2744, 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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