Where Futures Lies
Daily Futures Trading Strategy 19 October 2020 (Local Market)
Futurescoin
Publish date: Mon, 19 Oct 2020, 04:25 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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LOCAL MARKET
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FKLI
FKLI tumbled for third consecutive days last Friday, closing below 1500-level. Rising COVID-19 cases in Malaysia coupled with political instability might be the cause of persistent profit taking for the last few session. However, market stand a chance of rebounding today if it manage to regain footing above 1504.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Plan A : Buy if market supported firmly above 1504. Targets are 1511 and 1517. Exit below 1499.
Plan B : Short if market fails to regain footings above 1504. Targets are 1497 and 1490. Cut above 1510.
FCPO
FCPO plummeted below 2800-mark following the weak performance from the Dalian market. Dalian eventually closed -176 at 5846 while soybean oil -0.35. Ringgit stays at RM4.14 against the greenback.
FCPO plummeted below 2800-mark following the weak performance from the Dalian market. Dalian eventually closed -176 at 5846 while soybean oil -0.35. Ringgit stays at RM4.14 against the greenback.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
Afternoon Plan
Plan A : Long if market retrace but supported firm above 2815. Targets are 2838 and 2855.
Plan B : Short if market rebounded but failed to support above 2815. Targets are 2781 and 2760.
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 correction, 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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