Where Futures Lies

Daily Futures Trading Strategy 2 February 2021 (Local Market)

Futurescoin
Publish date: Tue, 02 Feb 2021, 03:21 PM
Futurescoin
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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    
 
Market plunged last Friday before going into a long weekend holiday. Once again, Malaysia market could be spared by U.S. markets bloodbath on Friday as U.S. markets recovered yesterday. FKLI is expected to open gap up today especially the hype of squeezing short sellers for TopGlove counters has built up over the long weekend. 
 

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Plan A : Remain short as long as market stays trading below 1588. Targets are 1570 and 1564.
 
 
Plan B : Consider long only if market able to trade firmly above 1569 and rebound. Targets are 1577 and 1588.
 
 
 
FCPO   

FCPO opened lower this morning repaying some of the gain from last week. Dalian closed -100 at 6670 while soybean oil traded +0.15 at 45.12. Ringgit stays at RM4.04 against the greenback.
 

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

 
Plan A : Long if market retraced but supported firm above 3427. Targets are 3448 and 3469.
 
 
Plan B : Short only if market failed to support above 3427. Targets are 3405 and 3382.
 
 
 
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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