Where Futures Lies
Daily Futures Trading Strategy 16 August 2021 (Local Market)
Futurescoin
Publish date: Mon, 16 Aug 2021, 03:12 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.
LOCAL MARKET
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FKLI
FKLI ended marginally higher on Friday as plantation stocks lifted. However, with rumours of our PM resigning today, market is expected to have a lower opening and investors might stay sideline for the time being.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Remain sell as long as market stays below 1501.5. Targets are 1493.5 and 1489.5.
Plan B : Consider long only if market able to hold firmly above 1493 and rebound. Targets are 1496.5 and 1501.
FCPO
FCPO swung up and down today on the first day of switch month. Dalian closed -80 at 8880 while soybean oil traded -0.11 at 63.17. Ringgit stays at RM4.24 against the greenback.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for August subscription.
Plan A : Long if market supported firm above 4460. Targets are 4482 and 4509.
Plan B : Short if market supported firm above 4460. Targets are 4435 and 4416.
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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