Where Futures Lies

Daily Futures Trading Strategy 26 March 2021 (Local Market)

Futurescoin
Publish date: Fri, 26 Mar 2021, 03:46 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.

                                          LOCAL MARKET

 
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FKLI
 
FKLI lost 7-points on Thursday as market continue to be in lackluster mode. Market however, look likely to have a higher opening today after overnight Dow made a more than 500-points reversal from its intraday low to close almost 200-points higher for the day.
 

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Plan A : Attempt short if market do a technical rebound but fails to breach above 1608. Targets are 1596 and 1591.
 
Plan B : Consider long only if market holds firm above 1596 and rebound. Targets are 1601 and 1608.
 
 
 
FCPO
 
FCPO lost its ground this morning following the huge slide from the regional markets. Dalian closed -498 at 7524 while soybean oil turnaround to positive region, traded at 55.11. Ringgit remain at RM4.14 against the greenback.
 

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Afternoon Plan
Plan A : Short if market rebounded but failed to support above 3731. Targets are 3708 and 3688.
 
Plan B : Long only if market supported firm above 3731. Targets are 3752 and 3775.
 
 
 
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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