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Daily Futures Trading Strategy 21 October 2016

Futurescoin
Publish date: Fri, 21 Oct 2016, 10:53 AM
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HSI Futures


U.S. stocks ended a choppy session down slightly on Thursday as investors digested the latest round of earnings, while a sharp drop in telecoms offset gains in healthcare.


Hong Kong shares closed up on Thursday, led by a jump in energy shares as China raised retail prices of gasoline. Hong Kong markets will have a suspended opening as typhoon Haima approaching Hong Kong. If typhoon no.8 remains at 12 noon, all trading sessions for today will be cancelled.

 

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Plan A : Above 23465, do nothing

Plan B : Below 23258, do nothing

Plan C : Attempt buying if market holds firm above 23361

Plan D : Cut below 23258

Plan E : Consider selling if market fails to breach above 23465

Plan F : Cut above 23510



FKLI


FKLI retraced in the final hour of trading yesterday but still managed to hold above 1660-level amid stronger RM. Investors will likely to sideline today, awaiting the Budget 2017 announcement later in the evening. Market is expected to be ranged unless it breaks away from 1657-1674.5 range. 


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Plan A : Attempt buying if market holds above 1660 and rebound

Plan B : Cut below 1657

Plan C : Consider selling if market test but fails to break above 1669

Plan D : Cut above 1674.5



FCPO


FCPO experienced some sell-off in the market after failing to break 2756 on Thursday. Dalian and soybean oil are rather weak while Ringgit stays at RM4.19 against the greenback.

 

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Plan A : Buy if market supported above 2695. Targets are 2715, 2725, 2735 and 2747.

Plan B : Sell if market rebounded and resisted around 2747. Targets are 2729, 2721, 2712 and 2703.

Plan C : Above 2747, no fresh position.

Plan D : Below 2695, 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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