Where Futures Lies

Daily Futures Trading Strategy 9 May 2019

Futurescoin
Publish date: Thu, 09 May 2019, 02:59 PM
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 prices hit their highest in more than three weeks on Wednesday as renewed concern over the U.S.-China trade dispute and its potential impact on global growth curbed investors' appetite for risk, spurring some demand for safe-haven assets.

 

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Plan A : Attempt buying if gold price stood firm above 1280.2

Plan B : Cut below 1277.5

Plan C : Consider selling if gold price surges but fails to breach above 1288.8

Plan D : Cut above 1292

 

 

 

HSI/HSI Warrants

 

The S&P 500 fell on Wednesday as a late slide in shares of Intel Corp erased earlier gains fueled by hopeful notes from the White House regarding the status of trade negotiations with China.

 

Hong Kong stocks closed lower on Wednesday, tracking a decline in global markets, as China’s mixed bag of trade data and fears of an escalation in the Sino-U.S. tariff spat stoked an investor exodus from riskier assets.

 

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Plan A : Above 28859, no fresh position.

Plan B : Below 28410, no fresh position.

Plan C : Buy if market declines but does not breach below 28410. Targets are 28499 and 28575.

Plan D: Cut below 28335.

Plan E : Sell if market does not breach above 28752. Targets are 28695 and 28601. 

Plan F : Cut Above 28859. 

 


 

FKLI

 

FKLI opened lower with a 10-points gap yesterday due to the plunge in the overnight Dow Jones despite it was traded within tight range for the whole day as the market was surrounded with the fear over the worsen dispute between United States and China. 
 

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

Plan B : Cut below 1628.

Plan C : Consider selling if FKLI trades below 1635

Plan D : Cut above 1639.

 



FCPO


FCPO footed at 2012 once again and started to rebound during second session today. Dalian and soybean oil are mixed while Ringgit weakened at RM4.15 against the greenback.


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Plan A : Buy if market supported above 2027. Targets are 2039 and 2058.

Plan B : Sell only if market failed to support above 2027. Targets are 2014 and 1999.

Plan C : Above 2032, no fresh position.

Plan D : Below 2022, 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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