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Daily Futures Trading Strategy 12 May 2017

Futurescoin
Publish date: Fri, 12 May 2017, 10:36 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 fell on Thursday after worse-than-expected sales drops at Macy's and Kohl's sparked a selloff in shares of department stores and stirred fears that consumers are not spending enough to drive strong economic growth.


China stocks extended losses on Thursday, led by Shanghai shares falling to seven-month lows, with sentiment still soured amid tougher financial regulations. Hang Seng however, traded flat as market taking a breather after the surge above 25,000 level.


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Plan A : Above 25120, do nothing

Plan B : Below 24920, do nothing

Plan C : Attempt buying if market stays firm above 24960

Plan D : Cut below 24920

Plan E : Consider selling if market surges but fails to breach above 25120

Plan F : Cut above 25150



FKLI


Market traded pretty firmly yesterday with FKLI holding above 1770-level throughout the day. It seems like market is ready for another take off from here once it breach above 1778-level convincingly. Sellers are advised to be more vigilant as this surge could trigger a rally above 1800-level before election.


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Plan A : Remain buying as long as market stays firm above 1772

Plan B : Exit below 1767

Plan C : Consider selling only if market fails to breach above 1778

Plan D : Cut above 1784



FCPO


FCPO flattened on Thursday despite a gap up after the lunch break. Dalian and soybean oil are mixed while Ringgit stays at RM4.34 against the greenback.


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Plan A : Sell if market exhausted around 2709. Targets are 2674 and 2648.

Plan B : Buy if market retraced and supported above 2657. Targets are 2674, 2709 and 2748.

Plan C : Above 2709, no fresh position.

Plan D : Below 2657, 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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