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Daily Futures Trading Strategy 16 November 2016

Futurescoin
Publish date: Wed, 16 Nov 2016, 10:57 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 ended higher on Tuesday, with the Dow hitting a record high close for the fourth session in a row as tech stocks rebounded from a post-election drubbing and energy stocks were boosted by a sharp rise in oil prices.


Hong Kong stocks rebounded on Tuesday, recovering from a nearly 3-1/2-month closing low the previous day, as recent sharp gains in U.S. Treasury yields appeared to level off.

 

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Plan A : Above 22464, do nothing

Plan B : Below 22183, do nothing

Plan C : Attempt buying if market holds firm above 22355

Plan D : Cut above 22269

Plan E : Consider selling if market gap up but fails to breach above 22464

Plan F : Cut above 22497



FKLI


Buying momentum was seen persistent yesterday with FKLI surging all the way from morning opening. Any strong hold above 1628 today would be enough to warrant a surge towards 1641-level anytime soon. Sellers are warned to be careful especially if market stays resiliently above 1634.5 today.

 

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Plan A : Attempt buying if market holds firm above 1634.5

Plan B : Cut below 1628

Plan C : Consider selling only if market surges but fails to breach above 1641

Plan D : Cut above 1645



FCPO


FCPO stayed well around 2900 level in the morning but the condition reversed after the market failed to breach across 2879 at second session. Dalian and soybean oil remain strong while Ringgit stays at RM4.34 against the greenback. Today is the switch month. Trade is based on February contract. 

 

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Plan A : Buy if market retraced and supported above 2828. Targets are 2843, 2852, 2870 and 2907.  

Plan B : Sell if market rebounded and resisted around 2870. Targets are 2852, 2843, 2834 and 2828. 

Plan C : Above 2870, no fresh position.

Plan D : Below 2828, 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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