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Daily Futures Trading Strategy 29 May 2017

Futurescoin
Publish date: Mon, 29 May 2017, 10:37 AM
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HSI Futures


U.S. stocks ended little changed on Friday ahead of a holiday weekend, though major indexes snapped a two-week streak of losses. U.S. markets will be closed for Memorial Day today. 


Hong Kong stocks broke a five-day winning streak on Friday, as gains in air carriers were offset by weakness in energy shares following a tumble in oil prices. China markets will be closed today and tomorrow while Hong Kong market will be shut tomorrow for Dragon Boat Festival. 

 

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Plan A : Above 25740, do nothing

Plan B : Below 25576, do nothing

Plan C : Attempt buying if market holds resiliently above 25576 and surges

Plan D : Cut below 25576

Plan E : Consider selling if market fails to breach above 25740 and retraces

Plan F : Cut above 25740



FKLI


Market was seen showing signs of exhaustion as it once again fails to breach above 1781.5 last Friday. Failure to regain ground above 1775-level would likely see profit taking activities kicking in towards the month end closing. Any weak close below 1762 will cause more panic selling. Hence late buyers will have to be vigilant for the coming few days.

 

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Plan A : Hold short as long as market trades below 1775.5

Plan B : Cut above 1778

Plan C : Consider buying if market plunges but rebound strongly from 1762

Plan D : Cut below 1757



FCPO


FCPO stumbled to 2550 after failing to bound back to the consolidation zone on Friday. Market volatility was rather weak though selling trend is intact. Dalian and soybean oil markets are closed today while Ringgit stays at RM4.27 against the greenback.

 

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Plan A : Buy if market gap down but supported above 2529. Targets are 2538, 2550 and 2569.

Plan B : Sell if market rebounded and resisted around 2569. Targets are 2545, 2529 and 2496.

Plan C : Above 2569, no fresh position.

Plan D : Below 2529, 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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