Golden Agri-Resources Initiated Strong Bullish Break. Time To Buy?

http://blog.traderwave.com/golden-agri-resources-bullish-break/

Swing Trading Strategy (Medium Term)

If you are a swing trader, you could be looking at riding the current upside momentum to the next key resistance of $0.50 in the weeks to months ahead.

A technical stop loss level of $0.36 should be conservative enough to ensure that any minor pullback from here wouldn’t trigger this stop loss order.

Assuming if you manage to get in at the last closing price of $0.40, you will be looking at a potential risk-reward ratio of 1:2.5.

Potential Target Level: $0.50

Entry Level: $0.40

Stop Loss Level: $0.36

HSI at critical junction for mid/long term trend determination

by ckchoy

HSI powered up from low 19639 in Jun to top 24405 in 9 Sep represented a strong uptrend. From then it is stuck within the consolidation range around 24000 - 22967.
Watch the critical resistance 24000 and then top resistance at 24405 and critical support at 22770
to determine it will continue its uptrend or break down to downtrend.

Trend for some futures this month

by Daniel Loh

1) /CL - Last month crude oil is considered bullish as indicated by CRS monthly. This month CRS indicate that crude oil is still bullish with CRS support at 47.25 and 45.66. Our prediction is barring any sharp drop on monday, this month is considered bullish for crude.

My opinion is that crude will also have a BIG Resistance at $52, the 2 times resistance from the lowest point $26. Hence my prediction is crude oil may range in between $45.66 and $52 this month, until it breakout.

Play within the range, near $52, good to go in BCS, near $45.66, good to go in BPS

2) /GC - This month the first day, Gold already opened below our CRS lines of 1323 and 1331, hence considered bearish now. This will be the resistances for this month. With the sharp drop in gold price, we dont encourage to go in BCS now, until it goes to near 1300.

For support, we think /GC might have a support at $1240-$1250 using fibonnaci @38.2% and a 10% drop from the top, which we considered a support for any index that is in a bullish market.

3) /ZN - This month is bearish. May consider going in BCS with resistances at 130'245 and 131'020

4) /ES - Still the safest of all futures products - Continue to go in BPS this month! The only repair that is needed should the plunge come is to partial roll 1 lot for every 5 lots of sell put to one lot of sell call same premium, park there for a while until panic over, then roll back to sell put again.

5) /ZC - likely to be bullish this month and support is at CRS lines 330 and 333. But going in BPS should not have much premium. Might consider going in a debit strategy ie. (Buy 1st strike ITM call, sell 1st strike OTM call) when price drops a bit to near $340 (better as /ZC has risen a bit from at start of this month). A good thing with debit spread is there is a limited loss with risk reward ratio near 1:1.

Crude oil, China, Debit Spread

by Daniel Loh

CL bottom - $26, double up resistance - $52. For speculative product, will drop about 20% from top = $40. CL will trade between $40 - $52 till Dec 2016. 2017 will trade between $50 - $60 sideways.

If we have $20k account, we can make 1% per month by selling naked 1 lot CL $37 PUT (30 days) with premiums of $0.20 - $0.30. No hedging is necessary.

If CL drops to $37, it will get assigned ITM and converted to futures. Margin needed - $3190. Hold till it goes up to $52. If we are more bullish, we can hold longer till $60. Need to roll over to following month near futures expiration date. Profit/ Loss will be realized when we roll to following month, but margin remains same at $3190.

We can also consider selling naked 1 lot CL $57 CALL (30 days) with premiums of $0.20 - $0.30 for additional 1% returns per month.

China economy bottoms 2H 2016
Invest
1)Commodities - gold, silver, copper, corn
2)China Banks
3)China related property stocks
4)China related Reits

Debit Spread
Bullish - Bull Call Spread - buy ITM call and sell OTM call
Bearish - Bear Put Spread - buy ITM put and sell OTM put

Bullish Debit spread Strategy
- May use Bull Call Spread on stocks that have triple top breakout
- buy ITM call and sell OTM call with 60 or 90 days to expiry
- set a 50% stop loss and 50% profit target