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Daily Futures Trading Strategy 24 May 2017

Futurescoin
Publish date: Wed, 24 May 2017, 10:44 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


Wall Street edged higher on Tuesday with investors relieved by the release of President Donald Trump's budget plan, but gains were tempered by declines in consumer discretionary stocks.


Hong Kong's benchmark index inched up to a fresh 22-month high on Tuesday, buoyed by strong money flows from mainland China.


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Plan A : Above 25586, do nothing

Plan B : Below 25320, do nothing

Plan C : Attempt buying if market trades firmly above 25380

Plan D : Cut below 25320

Plan E : Consider selling if market surges but fails to breach above 25586

Plan F : Cut above 25630



FKLI


Market tumbled down yesterday after failing to breach above 1775 early in the morning Failure to hold above 1769 caused liquidation by buyers and sent market to a low of 1762 before settling at 1764. Market could stabilize today amid firmer overnight Dow. Successful hold above 1764 would give market a chance to climb back up above 1770-levels. Otherwise, more selling can be expected.


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Plan A : Attempt buying if market holds firm above 1764

Plan B : Cut below 1758

Plan C : Consider selling if market surges but fails to breach above 1769.5

Plan D : Cut above 1773



FCPO


FCPO attempted a rebound to 2666 yesterday's morning, however, the selling pressure came in harsh during the second session as Dalian and soybean oil weakened over the lunch break. Overnight soybean oil dropped $0.60 while Dalian continued to tumble. Ringgit stays at RM4.30 against the greenback.


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Plan A : Buy only if market supported above 2569. Targets are 2583, 2604, 2615 and 2631. 

Plan B : Sell if market rebounded and resisted around 2615. Targets are 2599, 2576, 2544.

Plan C : Above 2615, no fresh position.

Plan D : Below 2569, 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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