#fcpo close at the high, but still below 5 & 10 MA. MA formation 5>10>fcpo>20 signal fcpo in short term correction and I will consider range sop until fcpo can close above 5 & 10 MA. 20 MA will be the immediate support.
I am a day trader sharing insights on futures trading. Views expressed are my own and not intended as advice.
Thursday, July 30, 2020
klci 29072020
#klci close positive after a wild swing, MA formation klci>5>10>20. I will consider uptrend sop once break swing high.
Tuesday, July 28, 2020
fcpo 27072020
#fcpo close below 5 MA, ma formation 5>fcpo>10>20. I will operate with uptrend sop only if price can close above 5MA quickly else signal price might trigger more correction towards 10 MA.
klci 27072020
#klci close in null trading, MA formation 5>klci>10>20. I should keep operate with range sop until a breakout from range.
Friday, July 24, 2020
fcpo 24072020
#fcpo close at new swing high, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop cautiously as price travel too far from 5MA might trigger profit taking.
klci 24072020
#klci close below 5,10 MA, MA formation 5>10>klci>20. I should keep operate with range sop until a breakout from range.
fcpo 23072020
#fcpo close at the swing high on weather play again, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop cautiously as long as price still above 5ma .
klci 23072020
#klci close at the high, MA formation klci>5>10>20. Although MA back to bullish formation I should operate with range sop until it breakout from range.
Wednesday, July 22, 2020
fcpo 22072020
#fcpo close at the low from new swing high , ma formation fcpo>5>10>20 and I should keep operate with uptrend sop cautiously as long as price still above 5ma .
klci 22072020
#klci close at the low, MA formation 10>5>klci>20 signal short term correction coming, I should operate with range sop until it breakout from range.
fcpo 21072020
#fcpo make another swing high but close at the low, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop cautiously while fcpo still above 5ma .
klci 21072020
#klci close positive, MA formation klci>5>10>20, I should operate with range sop until it breakout from range.
Monday, July 20, 2020
fcpo 20072020
#fcpo swing another new high on better export estimate and fear of labour shortage, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop cautiously as price travel too far from 5ma might trigger profit taking.
klci 20072020
#klci manage to hold above 5,10 ma despite wild swing on certain blue chip. MA formation klci>5>10>20, I should operate with range sop as long klci can't break swing high.
fcpo 17072020
#fcpo swing new high on fear of bad weather in Indon,Malaysia and China, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop.
klci 17072020
#klci come back above 5,10 ma on glove stock strong rebound, ma formation klci>5>10>20, I should operate with range sop cautiously.
Friday, July 17, 2020
fcpo 16072020
#fcpo from swing high to close low on day 13, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop.
klci 16072020
#klci close below 5,10 ma on glove stock further down, ma formation 5>10>klci>20 signal short term in correction, I should keep operate with range sop unless klci can close above 5, 10 ma in few day.
Thursday, July 16, 2020
fcpo 15072020
#fcpo further up on day 12, rumour Indonesia July production will drop 40% and better 1-15 export figure trigger more buying interest, ma formation fcpo>5>10>20 and I should keep operate with uptrend sop.
klci 15072020
#klci cross down 5ma, close at low on glove stock weaken, ma formation 5>klci>10>20, I should operate with range sop unless klci can close above 5ma and break recent high.
Tuesday, July 14, 2020
fcpo 14072020
#fcpo finally breakout from range and close above previous high on day 11, rumour July production will drop 7~13% and China palm oil stock level low spark buying interest, ma formation fcpo>5>10,20 and I should operate with uptrend sop.
klci 14072020
#klci reverse from swing high and close at loss on crazy wild swing in glove stock at day 12, ma formation klci>5>10>20, I should operate with uptrend sop cautiously as klci still able to stay above 5ma.
fcpo 13072020
#fcpo gap down again but reverse to close high on day 10, price stay above 200ma after several test, ma formation fcpo>5>20>10, I should operate with uptrend sop once gap cover and confirm range breakout.
Monday, July 13, 2020
klci 13072020
#klci gap up past high and close at high on day 11, ma formation klci>5>10>20, I should operate with uptrend sop as long as klci stay above 5ma.
Sunday, July 12, 2020
fcpo 10072020
#fcpo reverse to gain from gap down, price still fail to stay above 200ma after several test, ma formation fcpo>5>20>10, I will operate with range sop cautiously until range breakout. I will closely monitor whether market can break 200ma and cover breakaway gap.
klci 10072020
#klci come back with gain from loss, close high at on day 10, ma formation klci>5>10>20, I will operate with uptrend sop as long klci stay above 5ma.
Friday, July 10, 2020
fcpo 09072020
#fcpo close at doji , ma formation fcpo>5>20>10, operate with range sop cautiously before range breakout.
klci 09072020
#klci look exhausted, close at doji on day 9, ma formation klci>5>10>20, operate with uptrend sop still as long klci stay above 5ma.
Wednesday, July 8, 2020
fcpo 08072020
#fcpo close at the high , ma formation fcpo>5>20>10, operate with range sop cautiously before range breakout.
klci 08072020
#klci close at the high on day 8, ma formation klci>5>10>20, operate with uptrend sop as long klci stay above 5ma.
fcpo 07072020
#fcpo back to range and close at low , ma formation 20>10>fcpo>5>, operate with range sop cautiously.
klci 07072020
#klci close at the low on day 7, ma formation klci>5>20>10, operate with uptrend sop as long klci still stay above 5ma.
Tuesday, July 7, 2020
fcpo 06072020
#fcpo close above 5,10,20ma , ma formation fcpo>10>20>5, operate with uptrend sop cautiously as long fcpo stay above 20ma.
Monday, July 6, 2020
klci 06072020
#klci cover another gap and close at the high again in day 6, ma formation klci>5>20>10, operate with uptrend sop as long klci can stay above 20ma.
fcpo 03072020
#fcpo failed to stay above 10,20ma and close at the low , ma formation 10>20>fcpo>5, operate with range sop cautiously.
*any breakdown or gap down 5ma might signal new downtrend
Sunday, July 5, 2020
klci 03072020
#klci cover gap and close at the high again, ma formation klci>20>5>10, operate with uptrend sop cautiously as long klci can stay above 20ma.
Friday, July 3, 2020
klci 02072020
#klci close at the high and break 20ma, ma formation klci>20>5>10, operate with range sop.
*20ma no longer slope up and getting flat.
fcpo 02072020
#fcpo close at the high above 5ma and touch 20ma, ma formation 20>fcpo>5, operate with range sop cautiously.
*20ma no longer slope up and getting flat, any breakdown or gap down 5ma might signal new downtrend
Wednesday, July 1, 2020
fkli 01072020
#klci close at the high after a wild swing from loss, ma formation 20>10>5, operate with range sop, immediate resistance 20ma.
Subscribe to:
Posts (Atom)