FBMKLCI Futures & OKLI Daily Preview
FCPO and OCPO Futures Daily Preview
U.S Energy Preview
U.S Index Preview
Fundamental:

Expect futures to trade range bound with slightly upward bias as the participants are eyeing on the results for tomorrow’s meeting between US and China and the announcement from the US Federal Reserve on Wednesday.

Strategy:

Trader may long with a stop at or below 1645.

* The support and resistance for today can be pegged at 1,645.0 and 1,657.0 respectively.

Fundamental:

Malaysian palm oil futures continued to settle higher for fourth consecutive sessions on Friday amid the strong performance in rival US soy oil market.

Strategy:

Traders may long with a stop on or below 2,055.

* The support and resistance for today can be pegged at 2,055 and 2,090 respectively.

Summary:

Oil prices inched up on Friday, ending the week higher after stronger-than-expected U.S. economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply.

Strategy:
Nymex Crude Oil:
  • Trader may long near 55.05 with a stop at or below 54.95 and profit target near 56.91.
  • Trader may short near 56.95 with a stop at or above 57.20 and profit target near 55.50.
  • Trader may short near 54.90 with a stop at or above 55.20 and profit target near 54.24.

* The support and resistance for today can be pegged at 54.20 and 57.60 respectively.

Summary:

Stocks rose on Friday after strong earnings from tech giants like Alphabet and Intel and a better-than-expected GDP print pushed the S&P 500 to a new all-time high.

E-Mini Nasdaq Strategy:
  • Trader may long at 8,044.50 with a stop at or below 8,032.25 and profit target near 8,069.25.
  • Trader may short at 27,405 with a stop at or above 27,440 and profit target near 27,334.

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