SET50 Index Futures Price Trend
Swings following the appreciation of the baht/US.
Factors affecting SET50
yesterdayDow Jones Indexclosed down -0.5 points to close at 34,377 points, if a total of 2 business days, minus about 119 points after the consumer price index (CPI) The US for the month of September rose 5.4%.YoY higher than the market expected 5.3%YoY and reports aFed meetingpointed out that most of the Fed committee members agreed with the start of the limit cut
buy bonds inProject QE During the month of November or December, the IMF also reported forecasts.US economyThis year, down to 6% from the previous forecast of 7%, this is a negative factor for the US stock market direction.oil price November WTI closed down 0.20 (-0.3%) to $80.44/barrel, two-day total, down $0.08/barrel. After OPEC lowered its demand forecast.world oilThis year, down by increasing 5.8 million barrels per day from the previous forecast to increase by 5.96 million barrels per day considered a negative factor for the directionworld oil price In terms of factors in the country, Prof. (Oct. 14) reported 11,276 new cases (from 134 prisons) and 112 more deaths, while 10,407 recovered. In addition, Prime Minister Gen. Prayut Chan-o-cha revealed that from November 1, Thailand will start accepting travel to Thailand.
without detention for those who havevaccinateComplete doses and enter the country by air from a low-risk country. And by Dec. 1, this will consider permission to drink alcohol in restaurants. In addition, the direction of the baht / US dollar has continued to strengthen. The latest is at 33.21
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 985 it may bounce to test the next resistance 995/1008, but if it cannot stand above 985 it may swing.
Down to the next support line 973/965/955
It is recommended to open a long contract S50Z21 at 985 and close a position at resistance 995/1008 with a stop loss at 980.
Factors to follow in the short term
Tonight, weekly US crude inventories report. The market is expected to increase by 0.7 million barrels and report the number of claims for unemployment benefits weekly. The market is expected to 319,000
SET50 short term futures trend (intraday)
Last Tuesday, the S50Z21 moved upward. It peaked at 991.0, reversed to a low of 982.6 and closed at 987.6, with S50Z21 going worse than the index, keeping the Basis between S50Z21 and SET50 at -2.26 points (Fair Basis contracts S50Z21 and S50H22 at -0.30. and -10.42 points)
Assess the contract S50Z21 may swing up. If it can stand above the support 985, it may bounce back to test the resistance 990/995.
Strategies for Intraday Trading
It is recommended to open a long contract S50Z21 at 985 and close a position at resistance 990/995 with a stop loss at 980.
For those who opened a long contract S50Z21 at 978 last Tuesday, they may have closed their positions at 985.
.
