Where Futures Lies

Daily Futures Trading Strategy 31 May 2023 (Local Market)

Futurescoin
Publish date: Wed, 31 May 2023, 03:02 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
 
FBM KLCI dropped 8.02 points or 0.57% to 1396.91 points. Following the recent bearish performance, the FBM KLCI could retest its support of 1393 points.
 

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Plan A : Consider short if the market stays below 1401. Targets are 1388 and 1384.

Plan B : Attempt long if the market stays above 1401. Targets are 1406 and 1411

 
 
 
FCPO
 
FCPO continues to plummeted down and still showing the sign of dropping on the second session following Dalian's drop. Dalian trade -324 at 6330 while soybean oil traded -0.93 at 45.27. Ringgit maintained at 4.61 against the greenback.
 

 

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Apr subscription.
 
 
 
Plan A : Short if market fail to support above 3340. Targets are 3310  and 3280.

 
Plan B : Long only if market supported above 3340. Targets are 3375 and 3399.

 
 
 
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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