Where Futures Lies

Daily Futures Trading Strategy 18 December 2018

Futurescoin
Publish date: Tue, 18 Dec 2018, 10:21 AM
Futurescoin
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Gold


Gold rose on Monday as a slide in the dollar made bullion more attractive for holders of other currencies, while some investors took cover as stocks globally slipped into the red ahead of the U.S. Federal Reserve's two-day policy meeting.


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Plan A : Hold buying as long as market stays firm above 1243.9

Plan B : Cut below 1238

Plan C : Consider selling if gold price drops below 1243.9

Plan D : Cut above 1248.1


 

HSI/HSI Warrant
 

Wall Street’s three major indexes each slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve later this week on the course of interest rate hikes.

 

 

Shares in Hong Kong finished flat on Monday amid low trading volumes, as investors await the outcome of key policy meetings this week in China and the United States.

 

 

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Plan A : Attempt selling if market fails to break above 26169
Plan B : Cut above 26258
Plan C : Consider buying if market supported and rebounds from 26050
Plan D : Cut below 25955



FKLI

FKLI was like riding on a roller-coaster yesterday as it traded within 12.5 points right at market opening then it gradually inching up to the peak at 1664.5 before the first session ended. The market then declined gradually in the second session before it closed at 1647. The buying pressure wasn't too great in the market and thus resulting the sell-off to continues pressing the market from 1660's to 1640's again.

 


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Plan A : Attempt selling if market stays below 1655

Plan B : Cut above 1659

Plan C : Consider buying if market declines but does not break below 1634.5

Plan D : Cut below 1630

 

 

FCPO

 

FCPO hold up well yesterday despite some scare in the afternoon. Overnight bean was down but Dalian closed little changed. Market look likely to open flat today as investors waiting for a clearer direction after yesterday's month switching. 

 

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Plan A : Buy if market corrects but supported firmly above 2099. Targets are 2112 and 2122.

Plan B : Sell if market fails to regain footing above 2122 after a weak opening. Targets are 2110 and 2099.

Plan C : Above 2122, no fresh position

Plan D : Below 2099, 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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