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Daily Futures Trading Strategy 23 May 2017

Futurescoin
Publish date: Tue, 23 May 2017, 10:28 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.

HSI Futures


U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.


Hong Kong's benchmark share index ended Monday at its highest closing level in 22 months, helped by buoyant sentiment in Asian markets and steady money inflows from mainland China, which helped push index heavyweight Tencent to a fresh record.

 

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Plan A : Above 25442, do nothing

Plan B : Below 25209, do nothing

Plan C : Attempt selling if market continue to stay below 25442 today

Plan D : Cut above 25482

Plan E : Consider buying if market test and rebound from 25209

Plan F : Cut below 25209



FKLI


FKLI was trading at premium for most of the day but ended up closed at discount yesterday. A muted opening can be expected as suspected terrorists act in Manchester, UK overshadow gains in overnight Dow. Nevertheless, any firm close above 1769 today would be enough to convince buyers to stay with it for the time being.

 

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Plan A : Consider taking profits if market fails to breach above 1776.5 today

Plan B : Exit below 1769

Plan C : Attempt selling only if market fails to hold above 1769

Plan D : Cut above 1773



FCPO


FCPO flattened for the day until a spike towards the last trading hour, however, the prices later depressed back to 2650's before the close. Dalian and soybean oil are mixed while Ringgit strengthen against the USD at RM3.29.

 

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Plan A : Buy if market retraced but supported above 2648. Targets are 2674, 2688 and 2709.

Plan B : Sell if market rebounded and resisted around 2674. Targets are 2648, 2630 and 2614.

Plan C : Above 2674, no fresh position.

Plan D : Below 2648, 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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