Short-term (intraday) swing strategy recommends opening a long contract S50Z21 at support 973 and closing a position at resistance 978/985 with a stop loss at 968.
Short-term (intraday) swing strategy recommends opening a long contract S50Z21 at support 973 and closing a position at resistance 978/985 with a stop loss at 968.
SET50 Index Futures Price Trend
Swings down, US stocks are down, but oil is positive.
Factors affecting SET50
The Dow Jones Industrial Average closed down 250 points (-0.72%) yesterday at 34,496 as investors wait to follow the results of major bank stocks this week. and Goldman news Sachs lowered its US GDP forecast for this year and next to 5.6 percent and 4.0% from 5.7 percent and 4.4%, as well as concerns.
from the direction of rising oil prices May negatively affect listed company income and consumer spending. On the direction of oil prices, WTI in November closed up 1.17 (+1.5%) to close at 80.52 USD/barrel. From the hope that world oil demand will increase after the economic recovery of countries with the easing of lockdown measures and opening up more countries. In terms of factors in the country, Prof. (Oct. 12) reported 9,445 new cases (from 201 prisons) and 84 more deaths, while the number of recoveries returned home. 11,452 cases In addition, Prime Minister Gen. Prayut
Chan-o-cha revealed that from November 1, Thailand will begin accepting travel to Thailand without quarantine. For those who have completed the full-dose vaccination and are entering the country by air from a low-risk country. And by Dec. 1, this will consider permission to drink alcohol in restaurants.
medium term trend
Medium term, S50Z21 is expected to move upward. The short term signaled positive after being able to stand above 973. Assess support. 965/955/944*/938 and resistance 985/995/1008/1020 If it stands above 973, it may bounce to test the next resistance 985/995, but if it can’t stand above 973, it may swing down to the next support. 965/955/944/938
It is recommended to open a long contract S50Z21 at 973 and close a position at resistance. 985/995 with a stop loss at 968
Factors to follow in the short term
Tomorrow, TFEX market will be closed. Tonight, follow the number of new US job openings (JOLTs) in August. The market is expected. It also tracks key figures on Wednesday night, including the minutes of the Federal Reserve meeting and the US consumer price index (CPI) for September. Market expected 5.3%YoY, including Thursday night’s weekly US crude inventories report. -0.418 million barrels
SET50 short term futures trend (intraday)
Yesterday, S50Z21 slowed down, reaching a high of 988.9, alternating to a low of 976.6 and closing at 981.2. S50Z21 is lower than the index, making the Basis between S50Z21 and SET50 at -1.25 points (Fair Basis contract S50Z21 and S50H22. at -0.25 and -10.35 points)
Assess the contract S50Z21 may swing down. If it stands above the support 973, it may rebound to test the resistance 978/985.
Strategies for Intraday Trading
It is recommended to open a long contract S50Z21 at 973 and close a position at resistance 978/985 with a stop loss at 968.
For those who opened a long contract S50Z21 at 978 yesterday, it is recommended to close the position at resistance 983/988 with a lock profit at 980.
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