Where Futures Lies
Daily Futures Trading Strategy 17 December 2020 (Local Market)
Futurescoin
Publish date: Thu, 17 Dec 2020, 03:31 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 shot to an intraday high of 1691.5 before retracing thereafter and settled at 1677.5 yesterday. Following announcement of selected uplifting of short selling effective 1 Jan 2021, market might turn cautious today. Market undertone however, is still positive overall.
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Plan A : Remain buy as long as market stays firm above 1674.5. Targets are 1685 and 1692.
Plan B : Consider sell if market surges but fails to breach above 1692. Targets are 1684 and 1676.
FCPO
FCPO tipped at 3397 first session dived to 3320's, pressurized by the seller in the afternoon. Dalian closed at 6672, +10 while soybean oil +0.11 at 39.16. Ringgit stays strong against the greenback at RM4.03.
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 3340. Targets are 3362 and 3385.
Plan B : Short if market failed to support above 3340. Targets are 3319 and 3297.
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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