Where Futures Lies
Daily Futures Trading Strategy 24 August 2020 (Local Market)
Futurescoin
Publish date: Mon, 24 Aug 2020, 04:02 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 remain firm last Friday in a tight range trading day. Market is expected to open slightly positive today after gains in Friday's Dow. Trading range however, could remain tight unless it breaches and stays firm above 1584-level today.
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 1584. Targets are 1578 and 1572. Cut above 1586.
Plan B : Consider buy only if the market stays firm above 1572. Targets are 1578 and 1584. Cut below 1565.
FCPO
FCPO dived to 2648 first session, recovered losses made after lunch to 2694. Dalian closed -12 at 5590 while soybean oil +0.21. Ringgit stays strong against the greenback at RM4.17.
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 2682. Targets are 2700 and 2720.
Plan B : Short if market failed to support above 2682. Targets are 2665 and 2643.
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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