trendSET50 price Index Futures
swing up next weekSongkran holiday
Factors affecting SET50
The Dow closed up 87 (+0.25%) yesterday at 34,583 on the back of a previously weak buy in technology stocks. because of the peace negotiations betweenRussia and UkraineNo progress. Also reported numbers.US economycome out strong Weekly unemployment claims fell to 166,000, below the market estimate of 200,000 and the lowest level since November. 1968 on the directionWTI oil price Delivery for the month fell 0.20 (-0.6%) US / barrel to close at 96.03 US dollars after Japan prepared.oil drain 15 million barrels from public and private oil reserves It’s part of what the IEA reported to drain 60 million barrels of oil from member states’ reserves. including the Deputy Prime Minister of Russia Mr Alexander Novak revealed that oil production
Russia’s economy could drop 4-5% in March due to the impact ofsanctionsof the United States and its allies considered a negative factor for the directionworld oil price In terms of factors in Thailand (Apr 8) Reports 25,150 new cases, 24,854 more recoveries and 89 more deaths.
medium term trend
medium term expected S50M22 upward movement Short term is more negative after unable to stand above 1007. Estimate 997/986/973 support and 1007/1015/1023/1030/1037 resistance. If you can’t stand above 1007, may
Swing down to the next support line 997/986/973, but if it stands above 1007, it may swing up to test the next resistance at 1015/1023/1030
It is recommended to open a long contract S50M22 at support 997 and close a position at resistance 1007/1015 with a stop loss at 992.
For those who opened a long S50M22 contract at 1007 support yesterday, they may have closed their position at 1002.
Factors to follow in the short term
short-term follow-up on the situationUkraine In addition, next week the marketThai stocksOpen for trading for only 2 days, long holiday due to Songkran Festival
SET50 short term futures trend (intraday)
Yesterday, S50M22 swayed down, rebounding to a high of 1011.9, alternating slower to a low of 1000.6 and closing at 1003.4. S50M22 was higher than the index, bringing the Basis between S50M22 and SET50 at -2.98 points (Fair.
Basis contracts S50M22 and S50U22 are at -4.18 and -13.01 points).
Assess the contract S50M22 may swing up. If it can stand above the 1000 support, it may swing up to test the resistance at 1005/1010.
Strategies for Intraday Trading
It is recommended to open a long contract S50M22 at support 1000 and close a position at resistance 1005/1010 with a stop loss at 995.
For those who opened a long S50M22 contract at 1010 support yesterday, they may have closed their position at 1005.
