Where Futures Lies

Daily Futures Trading Strategy 24 May 2018

Futurescoin
Publish date: Thu, 24 May 2018, 10:57 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.

 

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GOLD

 

Gold edged up on Tuesday from a 2018 low, adding traction as the dollar fell off its five-month high, though risk appetite in the broader financial markets kept the precious metal's gains in check.

 

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Plan A : Attempt selling if gold price fails to hold firm above 1294.1

Plan B : Cut above 1301.6

Plan C : Consider buying if gold price trades resiliently above 1294.1

Plan D : Cut below 1286.6

 

 

HSI/HSI warrant

 

U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes.

 

Hong Kong stocks posted their biggest intraday fall in seven weeks on Wednesday, pulled down by energy shares which slumped after Beijing intervened to cool the red-hot coal market. 

 

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Plan A : Above 30751, do nothing

Plan B : Below 30303, do nothing

Plan C : Attempt buying if market trades resiliently above 30415

Plan D : Cut below 30335

Plan E : Consider selling if market fails to break above 30675

Plan F : Cut above 30751

 

 

FKLI

 

FKLI declined sharply upon market opening and it was an one-way ticket to the south until closing. The market plunged for more than 2%, by closing at 1804.5. This declined was partly lead by the fear of investors towards the national's debt which had accumulated to RM 1 trillion, resulting both foreign and local investors to withdraw themselves in various of markets. 

 

With such a decline yesterday, market could face some technical rebound today, hence sellers need to be alert to the market movement and focus at profit taking to avoid unnecessary losses.

 

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Plan A: Attempt buying only if market supported and rebounds from 1812.5

Plan B : Cut below 1810

Plan C : Consider selling if market surges but fails to breach above 1823

Plan D : Cut above 1827


FCPO


FCPO flattened on Wednesday, lying on an upwards trend but volume was still discouraging. Dalian and soybean oil are positive today while Ringgit weakened at RM3.98 against the greenback.
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Plan A : Buy if market supported firm above 2486. Targets are 2515 and 2527.

Plan B : Sell only if market failed to support above 2486. Targets are 2467 and 2448.

Plan C : Above 2496, no fresh position.

Plan D : Below 2476, 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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