Where Futures Lies

Daily Futures Trading Strategy 3 February 2023 (Local Market)

Futurescoin
Publish date: Fri, 03 Feb 2023, 03:26 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 higher as bargain-hunting emerged following the selldown on Tuesday, despite the cautious market undertone in the region.
 

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Plan A : Consider short if the market stays below 1498. Targets are 1490 and 1486.
 
Plan B : Attempt long if the market stays above 1498. Targets are 1505 and 1509
 
 
 
FCPO
 
FCPO surge up during opening and maintained above 3800'. Dalian traded -178 at 7654 while soybean oil traded +0.11 at 60.90. Ringgit strengthen to RM4.24 against the greenback.
 

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Plan A : Short if market rebounded but failed to support above 3816. Targets are 3779 and 3758.
 
Plan B : Long only if market supported firm above 3816. Targets are 3831 and 3869.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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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