Where Futures Lies

Daily Futures Trading Strategy 3 July 2014

Futurescoin
Publish date: Wed, 02 Jul 2014, 10:04 PM

HSI Futures


U.S. stocks ended one of their flattest sessions in years on Wednesday as a positive read on private sector employment wasn't enough to interest buyers ahead of the highly anticipated June payrolls report. ECB rate decision due today would also bring activities to a pause as investors turning cautious ahead of the announcement. 


Hong Kong's benchmark index climbed to its highest close in almost seven months on Wednesday, buoyed by upbeat China and U.S. data and an outperforming property sector.


Plan A : Above 23671, do nothing

Plan B : Below 23384, do nothing

Plan C : Consider intraday selling if market fails to break above 23671 and falls below 23545

Plan D : Cut above 23671

Plan E : Attempt buying if market retrace but holds firm above 23384

Plan F : Cut below 23265



FKLI


Market hold firm despite moving within a tight 4.5-points range yesterday. Market must continue to stand firm above 1884 in order to have a chance of surpassing previous high level of 1895 in the near future.


Plan A : Attempt long if market stays firm above 1884

Plan B : Cut below 1878.5

Plan C : Consider intraday sell if market fails to break above 1893

Plan D : Cut above 1895

 

 

FCPO

 

FCPO attempted a recovery yesterday but the recovery was not enough to break through its resistance level of 2447. Market must continue to hold firm above 2409 in order to avoid another round of selling. Failure to hold above 2409 might spell disasters to the buyers.

 

Plan A : Consider buying if market test support at 2409 and rebounds

Plan B : Cut below 2401

Plan C : Attempt selling if market fails to break above 2447 and retrace

Plan D : Cut above 2454



*Disclaimer: This information is intended to assist professional investors. 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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