SET50 Daily Futures (September 19, 2022)

SET50 Index Futures Price Trend

Bullish, fall in the stock market in the United States foreigners are reselling

Factors affecting SET50

Last Friday, the Dow closed 139 points (-0.5%) at 30,822 after FedEx warned of a possible slowdown in the global economy. It said it was seeing signs of slowing global demand and announced it was canceling its full-year earnings forecast. Including investors waiting to follow up on the outcome of the Fed meeting on Wednesday night. On oil price direction, WTI for October delivery rose $0.01/barrel to $85.11/barrel, a three-week decline. Of concerns that the global economy may slow down from the central banks of various countries It will accelerate the increase in the interest rate As a result, the demand for oil in the world may slow down. Investors await the outcome of the Fed meeting on Wednesday night.

medium term trend

In the medium term, S50U22 is expected to move up. Short term more positive after standing above 950. Assess support. 992/980/970/962/950*/937 and resistance 1002/1011/1022 If it does not stand above 980, it may turn down to the next support level 970/962/950, but if it can stand above 980, it may turn up to test the next resistance at 992/1002.

Mid Term Strategy (Week)

It is recommended to open a long S50U22 contract at 970 support and close a position at 980/992 resistance with a stop loss at 965.

For those who opened a long S50U22 contract at 980 last Friday. It is recommended to close the position at the 992/1002 resistance with a stop loss at 975.

Factors to follow in the short term

Tuesday evening following the August report on the number of building permits in the United States. The market is forecasting 1.615 million on Wednesday night, tracking August used home sales and the weekly US crude inventories report. The market is estimated at 4.62 million units and an increase of 8 hundred thousand barrels and important factors. is the outcome of the US Federal Reserve meeting. The market is expected to increase by 0.75%.

SET50 short-term futures trend (intraday)

Last Friday, S50U22 deviates downwards, rebounding to a high of 983.8, alternating to a low of 978.3 and ending at 979.5, with S50U22 erasing more than the index, making the Basis between S50U22 and SET50 on – 1.92 points (FairU22 contract S50U22). and S50Z22 is at -3.16 and -1.96 points).

Assess the contract that S50U22 may swing, if it is above 977, it may turn to resist 982/988.

Short term strategy (within a day)**

It is recommended to open a long S50U22 contract at 977 and close a position at 982/988 resistance with a stop loss at 972.

For those who opened a long S50U22 contract at 980 last Friday. It is recommended to close the position at the 985/990 resistance with a stop loss at 975.

Strategies suitable for market conditions are Short-term (intraday) Strategy

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