Where Futures Lies

Daily Futures Trading Strategy 9 November 2022 (Local Market)

Futurescoin
Publish date: Wed, 09 Nov 2022, 03:29 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 ended lower weighed down by persistent profit taking, in tandem with the weakness in most regional peers as investors remain cautious ahead of the US inflation data due on Thursday.

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Plan A : Consider long if the market stays above 1439. Targets are 1452 and 1463.
Plan B : Attempt short if the market stays below 1439. Targets are 1432 and 1423.


FCPO
FCPO dived down to 4248 following negative vibe from the Dalian market. Dalian eventually closed -154 at 8346 while soybean oil traded +0.31 at 75.34. Ringgit stays at RM4.71 against the greenback.

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Plan A : Long if market supported firm above 4318. Targets are 4341 and 4365.
Plan B : Short if market rebounded but failed to support above 4318. Targets are 4297 and 4272.


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, mining.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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