Review

Last week FKLI had a massive downtrend momentum with 93 points movement (High 1779, Low 1686). It was an another good week for me and our intensive futures program students. We manage to use our TLSC & MTF strategies to capture this nice and juicy profits.

Until last Thursday (11 Oct), FKLI shows an obvious hammer to warned "shorters" not to be greedy. As market will rebound anytime soon.

If you are keen to know how I trade futures market, I would like to invite you to our FREE WORKSHOP on 27 October 2018. You'll meet me in person and I love to share my 10 years of trading experience to you. Secure you seat here! See you there!

Alright! Let's be prepare for this week trading opportunities!

Intensive Futures Program(Click Here)

Free Workshop(Click Here)

FKLI

FKLI had a strong sell off last week due to local and external bad market sentiments. Based on the chart, the index could have a sustained uptrend if prices can stay above 1,742. If this scenario materialized, we could see the index rally above towards these 2 targets. First uptrend target is 1,776. If buyers are still strong, we could then see prices rally upwards again and retest this second uptrend target of 1,810. However, no trade is guaranteed a winning trade. Hence traders need to manage their risks and to do so is to place stop losses. A close below 1,711 tells us that the market have no intention of going up.

Besides that a close below 1,711 could expose FKLI to further selling pressure. Thus we can look for selling opportunities in the index to rejoin on this potential downtrend momentum. First downtrend target is the 1,686 structure, which was last week's lowest point. If sellers are still strong and had broken thru this level, we could then see prices went down and rest the 1,655 structure, which was this year's lowest point. 

FM70

FM70 also experienced a sell off as broad local and external market sentiments dragged the index down last week. Then on Friday the market had a technical rebound. Based on the chart, if prices can sustain above 14,000, we could see the index had a trend reversal towards the upside. These are the uptrend targets we can aim for if this scenario happens. First uptrend target is 14,288 while second uptrend target is 14,483. However a close below 14,000 may tell us the uptrend is over.

This is because a close below this level will motivates the sellers to come into the market. FM70 then could face sustained selling pressure, thus we can look for selling opportunities to trade in-line with this potential downtrend. Downtrend targets to aim for are the 13,700 level and 13,470 structure. This downtrend analysis is negated if price goes back above 14,000. So keep an eye out for the 14,000 level.   

FCPO

FCPO somewhat remained choppy during the last 2 trading days. Based on the chart, shall prices able to sustain above 2,191, then there is a possibility of prices have an uptrend. Uptrend targets to aim for are 2,214 structure and 2,235 (which was 5th Oct structure high). To limit potential losses, stops can be placed at 2,157 and below. This is because a close below this level will negate this uptrend analysis.

In addition, a close below 2,157 will tell us that the sellers are back in control of the market. The momentum is then said to be favor the downside. Shall this scenario materialized, these are the downtrend targets we can aim for. First downtrend target is 2,140 while second downtrend target is 2,120. Keep in mind, no trade is a guaranteed winning trade. Hence traders need to place stops to limit their potential losses. 

Alright, that wraps up this week’s analysis. Feel free to check out how the Intensive Futures Program can help you find high probability setups . Trade well my friends.

To Open a trading account under our care or to receive in depth analysis click here!

To Follow our FB Page click here 

Join Our Upcoming FREE workshop!Cick here!