Where Futures Lies

Daily Futures Trading Strategy 19 December 2018

Futurescoin
Publish date: Wed, 19 Dec 2018, 12:33 PM
Futurescoin
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Gold

 

Gold steadied off a one-week high on Tuesday as investors awaited the U.S. Federal Reserve's decision on interest rates, with a weaker dollar and faltering global equities lending support.

 

Spot gold was up 0.26 percent at $1,249.11 per ounce at 1:50 p.m. ET, having earlier touched its highest level since Dec. 10 at $1,250.27, just short of a five-month peak of $1,250.55 hit last week.

 

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Plan A : Buy if market retraced but supported above 1241.4. Targets are 1254 and 1262.

Plan B : Sell only if market failed to support above 1250. Targets are 1244 and 1238.

Plan C : Above 1250, no fresh position.

Plan D : Below 1241, no fresh position.

 


 

HSI/HSI Warrant

 

The S&P 500 ended little changed in a choppy trading session on Tuesday as the possibility of a partial government shutdown added to investors’ jitters ahead of a highly anticipated meeting of the Federal Reserve.

 

 

Hong Kong stocks slipped on Tuesday, hit by a double whammy of policy disappointment in China and depressing share prices across the region.

 

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Plan A : Attempt selling if market fails to break above 26201
Plan B : Cut above 26296
Plan C : Consider buying if market supported and rebounds from 25864
Plan D : Cut below 25803

 



FKLI

 

FKLI again was like riding on a roller-coaster but with a slower speed yesterday where the market declined from the peak at 1645 to 1631.5 before it gradually inching up to 1644 again and then closed at 1640. The market tried several attempts in rebounding but still failed to sustain above the resistance levels and being pressured down.


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Plan A : Attempt selling if market surges but still stays below 1654

Plan B : Cut above 1659

Plan C : Consider buying if market does not break below 1631

Plan D : Cut below 1627



FCPO


FCPO opened slightly lower today but it later continue to surge, touching the high at 2185 as for now. Dalian and soybean oil are lying at positive region while Ringgit stays weak at RM4.17 against the greenback.


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Plan A : Buy if market retraced but supported above 2158. Targets are 2182 and 2216.

Plan B : Sell if market rebounded and resisted around 2182. Targets are 2165 and 2151.

Plan C : Above 2182, no fresh position.

Plan D : Below 2158, 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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