Where Futures Lies

Daily Futures Trading Strategy 31 January 2017

Futurescoin
Publish date: Tue, 31 Jan 2017, 10:32 AM
Futurescoin
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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.

FKLI


U.S equities closed lower on Monday, notching their worst day of the year, as a new measure taken by the Trump administration on immigration sent jitters through the market. The Dow Jones industrial average fell around 120 points after sliding more than 223.39 points, dropping below 20,000, with Goldman Sachs contributing the most losses. The S&P 500 dropped 0.6%, with energy shedding 1.7%. The Nasdaq composite underperformed, falling 0.8%.


After the rally to 1696, market is taking a breather back to 1670's on first trading trading day for CNY. The question of whether the market could support this round and continue with the uptrend. This is yet to discover. 


Trade based on Feb contract.


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Plan A : Holds long if market stay firm above 1672

Plan B : Cut below 1669

Plan C : Consider selling only if market rebounded and failed to cross above 1678  

Plan D : Cut above 1681



FCPO


FCPO opened gap down on Friday and settled near day high for the half-day trading. Dalian is closed today while overnight soybean oil dived. RM strengthen against USD at RM4.42.  


To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.


Plan A : Sell if market rebounded and resisted around 3056. Targets are 3034, 3023, 3011 and 2991.

Plan B : Consider buying only if market opened gap down and supported above 3013. Targets are 3033, 3043 and 3053.

Plan C : Above 3056, no fresh position.

Plan D : Below 3013, 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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