Where Futures Lies
Daily Futures Trading Strategy 11 August 2020 (Local Market)
Futurescoin
Publish date: Tue, 11 Aug 2020, 12:30 PM
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.
We are expanding to global markets.
See next article for the trade plan.
LOCAL MARKET
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FKLI
FKLI recovered from an intraday low of 1558 before settling at 1570.5 yesterday. Market is expected to open higher today after overnight Dow gained 357-points. Buying momentum however, could be dampened if stocks remain under pressure today with profit taking activities seen.
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 1567. Targets are 1575 and 1584. Cut below 1563.
Plan B : Attempt short if the market recovers but stays below 1584. Targets are 1579 and 1574. Cut above 1590.
FCPO
FCPO stays well above 2700-mark first session, erasing the losses made yesterday. Dalian close +6 at 5846 while soybean oil +0.06. Ringgit stays at RM4.19 against the greenback.
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 supported firm above 2731. Targets are 2745 and 2762.
Plan B : Short if market failed to support above 2731. Targets are 2712 and 2698.
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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