Where Futures Lies

Daily Futures Trading Strategy 6 September 2018

Futurescoin
Publish date: Thu, 06 Sep 2018, 11:54 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 price rose on Wednesday from an 11-day low as the U.S. dollar eased from recent rally.


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Plan A : Attempt buying if gold price manage to hold firm above 1196

Plan B : Cut below 1189.3

Plan C : Consider selling if market attempt to rebound but fails to breach above 1202

Plan D : Cut above 1205



HSI/HSI Warrant

 

The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before skeptical U.S. lawmakers.

 

Hong Kong stocks tumbled to their worst loss in 11 weeks on Wednesday, as investors dumped property, energy and tech stocks amid worries about China’s economy and the Sino-U.S. trade war.

 

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Plan A : Above 27449, do nothing

Plan B : Below 27046, do nothing

Plan C : Attempt buying if market supported and rebounds from 27177

Plan D : Cut below 27100

Plan E : Consider selling if market recovers but fails to breach above 27340

Plan F : Cut above 27440

 

 

FKLI


FKLI gapped down in opening once again in this week, created panic selling pressure which resulted the market to tumble for more than 1% yesterday. The market even failed to recover to 1800's and dipped down to 1785.5 before it closed at 1786. The market is now obviously showing selling signal, with two unrecoverable gaps within a week. However, sellers are advised to enter the market at the right level to avoid unnecessary losses as the market may have some technical rebounds before it to further heading south.

 

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Plan A : Attempt buying if market holds firm above 1784

Plan B : Cut below 1780

Plan C : Consider selling only if market surges but still fails to break above 1794.5

Plan D : Cut above 1798



FCPO


FCPO started off weak and later erased the losses and inched up to 2303 on Wednesday. Dalian and soybean oil are mixed while Ringgit stays at RM4.14 against the greenback.


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Plan A : Sell if market failed to support above 2286. Targets are 2272 and 2249.

Plan B : Buy only if market supported well above 2272. Targets are 2286 and 2316.
Plan C : Above 2286, no fresh position.

Plan D : Below 2272, 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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