Daily Futures Trading Strategy 2 May 2019

Futurescoin

Publish date: Thu, 02 May 2019, 03:54 PM

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GOLD

Gold prices eased on Wednesday on overnight gains in U.S. equities, while a May Day lull gripped most of Asian markets ahead of a closely monitored Federal Reserve decision on the future trajectory of interest rates.

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Plan A : Attempt selling if gold price fails to breach and holds firm above 1283.6

Plan B : Cut above 1288.8

Plan C : Consider buying if gold price stays firm above 1277.2

Plan D : Cut below 1273.9

HSI/HSI Warrants

U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell dampened expectations the central bank could move later this year to cut interest rates.

Hong Kong shares ended weaker on Tuesday, dented by declines in property and energy stocks, as investors awaited fresh market stimulus after decent gains so far this year.

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Plan A : Above 29814, no fresh position.

Plan B : Below 29307, no fresh position.
Plan C : Buy if market sustains firmly above 29376. Targets are 29430 and 29499.

Plan D: Cut below 29307.
Plan E : Sell if market fails to breach above 29524. Targets are 29465 and 29405.

Plan F : Cut Above 29605.

FKLI

FKLI stamped its feet firm above 1630's and rebounded to the peak at 1644 before it then settled at 1640 for the April contract. Today starts fresh for the May contract, and the market seems to have more room to further inching up unless it fails to break above 1649 today.

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Plan A : Attempt buying if FKLI stays firm above 1631.

Plan B : Cut below 1627.

Plan C : Consider selling if FKLI inching up but fails to breach above 1649.

Plan D : Cut above 1652.

FCPO

FCPO tumbled first session today after 2 days of weak performance from soybean oil. Dalian is closed while Ringgit stays weak at RM4.13 against the greenback.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.

Plan A : Buy if market supported firm above 2064. Targets are 2079 and 2095.

Plan B : Sell if market failed to support above 2064. Targets are 2046 and 2021.

Plan C : Above 2074, no fresh position.

Plan D : Below 2054, 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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