Where Futures Lies
Daily Futures Trading Strategy 5 August 2020 (Local Market)
Futurescoin
Publish date: Wed, 05 Aug 2020, 11:19 AM
Futurescoin
0 3,350
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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See next article for the trade plan.
LOCAL MARKET
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FKLI
Market went through a see-saw trading yesterday before closing near day's high level. Erratic movement in the glove counters cause the swings which saw heavy volume traded in the cash market. Market is expected to be the same today with market direction seems to be uncertain for the time being.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market holds firm above 1568. Targets are 1581 and 1592. Cut below 1563.
Plan B : Attempt short if the market recovers but stays below 1592. Targets are 1573 and 1568. Cut above 1597.
FCPO
FCPO opened gap down this morning rebounded back to 2769 within an hour of trading. Dalian +10 traded at 5910 while soybean oil -0.12. Ringgit strengthen against the greenback at RM4.20.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Short if market failed to support above 2756. Targets are 2732 and 2710.
Plan B : Long if market retraced but supported firm above 2756. Targets are 2780 and 2798.
Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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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