Where Futures Lies
Daily Futures Trading Strategy 12 August 2020 (Local Market)
Futurescoin
Publish date: Wed, 12 Aug 2020, 12:16 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.
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See next article for the trade plan.
LOCAL MARKET
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FKLI
FKLI was seen under persistent selling pressure yesterday despite some minor recovery towards closing. Market is expected to open lower today after overnight Dow lost all its gains and closed negative all the day. Plunging gold price too gonna weigh on gold related stocks and further dampen market's sentiment.
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 recovers but still trades below 1568. Targets are 1557 and 1551. Cut above 1574.
Plan B : Consider buy only if the market recovers and stays firm above 1564. Targets are 1568 and 1574. Cut below 1559.
FCPO
FCPO gap-down this morning to 2606 and slowly climbed back 2638 for the first session. Dalian closed -180 at 5672 while soybean oil -0.18. 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 : Short if market failed to support above 2630. Targets are 2612 and 2598.
Plan B : Long if market supported firm above 2630. Targets are 2648 and 2665.
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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