Where Futures Lies

Daily Futures Trading Strategy 7 December 2020 (Local Market)

Futurescoin
Publish date: Mon, 07 Dec 2020, 12:00 PM
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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 staged a strong breakout last week, surging to a high of 1635 before settling at 1624. Market is expected to remain firm today after Dow gained 248-points on Friday. Government's decision to end CMCO in several states also bring out positive tones to the market.
 

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Plan A : Remain buy as long as market stays firm above 1619. Targets are 1629.5 and 1639.5.
 
 
Plan B : Consider sell only if market fails to breach above 1629.5. Targets are 1619 and 1613.
 
 
 
 
FCPO
 
FCPO surged to 3400-mark last Friday after a long consolidation period within the 3200's to 3300's. Dalian closed first session at 6744, +46 while soybean oil traded at 38.09, -0.32. Ringgit stays strong at RM4.06 against the greenback.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for December subscription.

 
Plan A : Long if market doesn't retrace much and supported firm above 3413. Targets are 3435 and 3461.
 
Plan B : Short if market failed to support above 3413. Targets are 3390 and 3368.
 
 
 
 
 
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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