Category Archive Weekly Futures Market Outlook

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 21 to 24 Nov 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

Exclusively for you…

We had produced a 40 minute training video that helps you start your trading journey on a strong foundation. This trading video employs only the essentials trading techniques that other companies will charge you thousands for. All you got to do is click on THIS LINK. I hope you guys enjoy it.

 

FKLI & FCPO Weekly Outlook Text:

You might realize one fact: When the reality does not match with the expectation, traders QUIT! 

This is because of the misled information or advertisement that caused many new traders assumed that trading is an easy job. They thought that with just a few clicks, money will go in your bank account. When I first started trading futures, especially FKLI & FCPO, I too thought that it is an easy job. Here is my naive thinking in my newbie year : I only need to extract RM 200 from market everyday, a month we have around 21 biz days. RM 200 x 21 days = RM 4,200/month for gross profit (before deducted slippages, commission,etc).

And, with compound interests (that I learned in university), I can easily become a young millionaire soon!

WOW.. sounds good & easy!

However, I have been punished by the markets for my naive thinking. Market always find a way to humble me, taught me to be more disciplined, more open minded to any new knowledge, more wiser, more patience…

So, now I would call trading is a lifelong journey. It’s involves a tremendous amount of hard work & commitment. You got to be committed everyday to become the best you can be.

So without further ado, lets get started with FKLI & FCPO futures outlook.

FKLI

FKLI yesterday closed lower by 2pts from opening as prices closed at 1,713. Upon a second look of the chart, we noticed something important which others traders may overlook. For the past 3 trading days price is trading around the 1,719 and 1,711 zone. And you may noticed that on last thursday and on this week’s monday, price rebounded from 1,711 zone. In other words, this price level started attracting a few big bargain hunters and possibly smart money as well. Armed with this information, we will make a slight adjustment to our trading plan, with the goal to identify high probability trade setups.

Scenario 1. Shall prices able to sustain above 1,711 and then closed above 1,719, I believe FKLI will start to trend higher. Traders in our pro member areas can use the TLSC & MTF techniques to identify valid trade setups. First uptrend target will be 1,730. Shall buyers able to defeat the sellers, it will create extra room for FKLI to trend higher with the next target at 1,741. Risk management is pegged at 1,711. Any price below it will negate our uptrend analysis. 

Scenario 2. When prices closed below 1,711, its safe to say that the rally is not in play. We then have to look for selling opportunities. Downtrend targets will be 1,700 and 1,690. Risk management is 1,719. 

—————
 

FCPO

FCPO had a massive 50pt drop yesterday as the palm oil market closed at 2,630. With the latest price action in mind, there is our trading plan. Shall prices remain below 2,650, it highlights FCPO had plenty of momentum going downwards. Besides that prices are below the EMA 13, giving us another clue that the trend is downtrend. First new downtrend target is 2,600. Now this 2,600 zone is a very crucial support zone. Shall buyers unable to withstand the selling pressure, and price close below 2,600, it means the sellers are still in control of the market. It will expose FCPO to further selling pressure and could possibly head down towards the 2,540 zone. Risk management is 2,650. Any prices above it will negate our downtrend analysis. 

On the other hand, if price do manage to stay above 2,650, it could mean the downtrend momentum is temporary ran out of steam. In other words, the buying scenario is in play. For traders who want to look for buy opportunities, ideally will have to wait for a higher high and higher low and price above 2,650. First uptrend target will be 2,685. If buyers can defeat the sellers here, it will expose FCPO to further upside towards 2,736. Risk management is 2,650.  

Alright, that wraps up our weekly analysis. remember plan your trade and trade your plan. All the best in your trading this week and I see you again soon! 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

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Learn our Advance Trading Strategies Here!

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David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 6 to 10 Nov 2017

FKLI & FCPO Weekly Outlook Youtube:

 

Exclusively for you…

We had produced a 40 minute training video that helps you start your trading journey on a strong foundation. This trading video employs only the essentials trading techniques that other companies will charge you thousands for. All you got to do is click on THIS LINK. I hope you guys enjoy it.

FKLI & FCPO Weekly Outlook Text:

Today’s market outlook will be a bit different in terms of analysis because i received a few questions from traders telling me that they had a hard time trying to understand what the market is trying to tell them. And if you one of the many traders who are struggling, do not worry. We all been thru that in our trading journey. It’s part of learning. So today I am going to use a simple concept which hopefully can help you make sense and most important help you understand what the market is trying to tell you.

The financial market is a battleground. Every market, FKLI or FCPO or Forex, you go, you will see there are buyers and sellers in a constant battle, fighting to take control of the market. In one corner, you have the buyers. When buyers won the battle, they will conquer the area previously held by the sellers, and then they will continue moving upwards towards the next area or castle hold by the sellers. When the buyers defeated the sellers again, they will continue move upwards. Hence you will see that once a resistance is broken, prices will continue move upwards. However, if the buyers are exhausted or lack in numbers, this means prices do not have momentum to move upwards and soon the sellers will win the battle and push prices down to the next level held by the buyers.

In short, these process repeat every single time when the market opens. When you see the market as a battleground, you will have a much clearer picture.

 

FKLI

First up its FKLI. Price is currently trading above this support zone of 1,730. Which means the buyers are in control of the market and naturally they are likely to move up north to attack the next sellers area, which is 1,740. If the sellers in that level is defeated, the buyers will continue to take prices up to the next area of 1,753. There are a few more key areas and strongholds held by the sellers around 1,761 and 1,770. So if we expect FKLI to have a strong rally towards the end of the year, the buyers armies need to defeat these areas.

However if the sellers managed to stop the buyers at 1,730 and bring price below 1,730, this means the sellers are in control. And when this situation happens, we want to follow the sellers and find opportunities to short the market. Then we have to be aware of these support areas when we are holding our short positions. This is because there are still buyers hanging around this area. First support target is 1,717 and second support target is 1,700. Risk management will be 1,730. 
—————
 

FCPO

Lets check out FCPO and use the same buyer/seller army concept to plan ahead. Last traded price is currently at 2,804, just below the 2820 resistance/seller zone. This give us a critical information that the sellers just taken control of the market. Judging from price action, there is a high possibility that the sellers will try to take the market down towards either this 2,780 area or even this 2,737, if the buyers are weak. Risk management is 2,820 level.
 
However, there is another potential situation where the buyers could spring a surprise and defeat the sellers. Hence we as traders must be prepared for this scenario as well, like good generals. Shall this situation happen we will want to look for buying opportunities. Buyers could face potential roadblock at 2,850. If this can be destroyed, we could see the buyers thunder up right at the gates of this seller 2,900 zone. Risk management is 2,820 zone.
 
Alright, that wraps up our weekly analysis. I hope this simple buyer/seller army concept can easily help you make sense of the market. It had definitely helped me understand what the market is trying to tell me and I am sure it will help you the same. I highly encourage you to start looking the market this way. I wish you all the best in your trading this week and I will see you again soon. Trade well.
 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 30 Oct to 3 Nov 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

It’s been 1 week+ since I last posted my weekly outlook. This is because I took a time off from trading & business last week to reset my mind. In fact me and my wife took a short 1 week holiday to Iran. What I am trying to say is, trading is a long term business, it is like a marathon and we traders are like athletes. Think about this for a second, what will happen when an athlete trained and played too hard without taking a break? They will get tired, both mentally and physically. As a result, their performance slips and they also increase the risk of getting hurt. Trading can be a real grind, it requires you to be mentally strong from time to time. If you did not take some time off to recover, trading can really sap you and consequently you will burn out and trade impulsively and suffer unnecessary losses.

 

Taking trading breaks periodically can ensure you are trading at your best levels. I recommend you to try it. It may not be easy at first because you do not want to miss good trades. Same goes to me, sometimes I don’t want to miss opportunities. But the fact is the market will always be opened and you need some breaks to re energize and focus yourself. You must force yourself to step away and recover. I guarantee you the results will definitely worth it in the long run.

FKLI

 

First up its FKLI. Previously for the past few months, the market has been creating lower highs and lower lows. Consequently the market fell all the way to the the 1,730 structure. If you look towards the left, during April 2017, this 1,730 is a strong structure support, where buyers came and subsequently pushed FKLI up high. So this is how we are going to prepare for battle plan for FKLI this week. We will be looking for buying opportunities shall prices stay above 1,745 and price action forming higher highs and lows. For additional reference you can check out whether prices able to stay above the EMA 13. Shall these criterias are met, prices are likely to arrive to either 1,761 or 1,777. The reason why I picked these 2 targets because previously FKLI had obvious turnaround. So for the time being we will keep an eye on these 2 targets if we had a buy position. Risk management, where we determine whether our uptrend analysis is valid or not, is 1,730 zone.

 

 

And when prices do break below 1,730 zone, we refer to another plan to find short selling opportunities. Specifically, when prices below 1,730 and price action forming lower highs and lows. Downtrend targets will be 1,717 which previously an obvious turnaround where buyers step into the market with great numbers. So we have to be aware of that line. The second target is the psychological 1,700 zone. Our cut off point for this downtrend analysis is 1,745. 

—————
 

FCPO

 

This is the latest situation. We have FCPO forming higher highs and higher lows since start of October, so that tells us the main market trend is uptrend. Now that we have that big picture, we can formulate our battle plan. We will look for buying opportunities to trade in-line with the potential uptrend if prices continues to form higher highs and lows as well as price above 2,820. Uptrend targets will be the 2,850 and 2,900. The 2,900 was picked because it is a psychological level as well as previously sellers well resisted FCPO during February, March and September. Risk management will be the 2,820, any prices below this will negate our uptrend analysis.
 
So when prices do negate our uptrend analysis, we change our battle plan and adapt. Specifically, when prices below 2,820 and price action forming lower highs and lows, we will looking for selling opportunities. Downtrend targets that we have to be aware of when we hold our short positions will be 2,771 and 2,720, these 2 zones. This is because previously the buyers defeated the sellers and hence there strong buyers still active in these 2 areas. Risk management will be 2,820, which means any price action above this will negate our downtrend analysis.
 
Alright, that wraps up our weekly futures market outlook. Remember it is very important for us traders to take the time off. A small break from trading will help us recharge our energy so we can trade better and not just trade based on our bad emotions. These small breaks certainly helped me improve my trading performance over the years and I guarantee it will help you too.

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 16 to 20 Oct 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 

Based on the latest price action, FKLI will resume its downtrend if prices below 1,760 and price action forming lower highs and lows. Downtrend target will be 1,752 and 1,740. Risk management is 1,760. Meaning any price that close above it will negate our downtrend analysis.

When prices do close and negate our downtrend analysis, we will be looking for buying opportunities to trade in-line with that potential uptrend. We will do so especially when prices above 1,760 and price action forming higher highs and lows. Uptrend targets will be 1,773 and 1,789. Risk management will be 1,760.

—————

FCPO

The next market we are going to discuss is FCPO. Last week we made 3 trades on this market. First trade was a loser as the market triggered our stop loss. The next 2 trades were winners. and these 2 trades easily recover our losses in the first trade. So in the end we managed to earn a handsome net profit for the week.

Trading is all about risk & reward. If you can manage your risk properly, you can easily recover from any drawdowns and net profit.

Going forward this is how we will prepare for FCPO. When prices remain above 2,744 and price action forming higher highs and lows, the market likely to resume its uptrend this week. Uptrend targets will be 2,775 and 2,803. Risk management is 2,744-40.

On the other hand, shall prices break below 2,744-40 and forming lower highs and lows, FCPO likely to trend lower. Downtrend targets will be 2,705 and 2,688. Risk management is pegge at 2,744-40.

These are the game plans for FKLI & FCPO. If you found yourself in a trade that you shouldn’t be in or had huge unrealized losses, do cut loss immediately to protect your capital. It’s ok to be wrong, BUT ITS NOT OK TO STAY WRONG. Keep your losses small.
HAPPY DEEPAVALI to our Indian viewers and everyone all the best in your trading.

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 9 to 13 Oct 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

My apologies for not been posting the weekly futures market outlook videos because, for these past 2 weeks, I had been busy with my Intensive Futures Program. Although I had been busy & tired but I felt happy that we able to help these traders how to trade the proper way & not just simply gamble off their trading account. Overall it has been fruitful 2 weeks time because we managed to help traders solve their trading issues and improve their strategies.

 

Based on the latest price action, FKLI is likely to resume its uptrend. First this is because the market is above 2 important structure support: which is 1,752 and 1,760. Did you noticed that there are once, twice, 3 times and 4 times that the market found its support at 1,752? This means the smart money roughly came in around these zone and push the market upwards. So since the market is above these important market structures, we don’t want to trade against the market and instead shifting our focus on finding buying opportunities. And as long as market forming higher highs and lows, we will be maintaining our focus on buying. First uptrend target at 1,768, second target at 1,773 and possible 3rd at 1,780. These are all important structures which market had obvious price actions on. Risk management is 1,760.
However, sometime things wont go according to plan. Shall FKLI breaks below 1,760, we have to change our game plan. Remember as traders, we want to trade in-line with the market trend, not trade against it and lose money. So as I were saying, shall FKLI breaks below 1,760 and forming lower highs and lows, this means the buyers are defeated and the sellers are in control of the market. Hence we will be looking for selling opportunities with targets at the all important 1,752 structure. If that breaks, the next structure is 1,740. Risk management is 1,760.
—————

FCPO

The next market we are going to discuss is FCPO. FCPO roughly from July has been creating higher highs and higher lows until it failed to break the 2,900 structure. And since then the market swing lower and creating lower highs and lows along the way. Then the selling pressure stops at 2,650 structure. A couple of traders on my saturday’s Intensive Futures Program asked, what is the next market trend for FCPO? Is it going for an uptrend or downtrend? Now these are normal questions traders will always ask. I am sure you watching this video will also ask too. However, unfortunately, there is no certain answer. The market doesn’t listens to us. The market goes where it likes to go. As traders we just want to participate on any profitable trends the market presents itself to us. So here is our rough gameplan for FCPO.
 
Shall prices manage to stay above the 2,724 structure and start forming higher highs and lows, I believe FCPO will start trending higher. First uptrend target will be 2,744 structure with the 2,775 structure as second target. There is another third target at around the 2,803 structure. However, when prices breaks below the 2,724 structure, it will negate our uptrend analysis and hence from that moment onward the market likely to start downtrend. Consequently we will start shifting our focus to find selling opportunities and trade in-line with the trend. First downtrend target will be 2,700 and second downtrend target at 2,652. Take note, 2,700 is a psychological round number and market structure while the 2,652 is another structure where previously the buyers came in and pushed the market upwards.
These market structures are simple yet powerful. It certainly can help you to understand what the market is trying to telling you. Once you can identify market structures, then you can trade in-line with the main market trend. Obviously this is really not enough to start trading profitably, this market structure is just a piece of the overall puzzle. There are a few more pieces which you need so you can have a solid trading plan that covers entry, adding positions, cut loss and targets.

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook 26 to 29 Sep 2017

FKLI & FCPO Weekly Outlook Text:

FKLI

 
Based on the latest price action, we can say FKLI is in a downtrend and we are looking for opportunities to short sell this market and to trade in-line with the downtrend as long as prices below 1,760. This is because 1,760 is an important structure that must be broken if we want FKLI to continue its downtrend. We also can look out for lower highs and lows, as that will give us clues as well. Shall all these criterias are met, we are preparing for the possibility that FKLI will drop towards 1,752 or 1,740 support. Risk management will be 1,760, any price that managed to close above it will negate our downtrend analysis
Alternatively, we are preparing to buy low if prices stay above 1,760 and price forming higher highs and lows. Uptrend targets will be 1,767 and 1,777 for the time being. Risk management is 1,760, as you would have correctly guessed as well.
—–

FCPO

 

The next market we are going to discuss is FCPO. The palm oil market had been a downtrend ever since it failed to break 2,900 level. Based on the latest price action, this is how we are going to attack this market.
We are going to short this market, because we want to trade in-line with the dominant market structure, which is creating lower lows and highs. Besides that, prices are also below EMA13, another downtrend clue. But most importantly, prices are below 2,700. The market previously swing up from the low of 2,700 however recently the market broke this 2,700 structure.
Downtrend targets are 2,650 and 2,600. Risk management will be 2,700.
On the other hand, we are looking for buying opportunities if prices stayed above 2,700 and market forming higher highs and lows. Shall this happen, we are looking for 2,750 and 2,800 resistance levels as reference. Risk management is 2,700.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook 18 to 22 Sep 2017

FKLI & FCPO Weekly Outlook Youtube:

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
We had a good trade on FKLI last week when it triggered our uptrend signal that we discussed in last week’s video and hit the 1,785 uptrend targetThe markets then had a retracement towards the downside a little. Currently it is trading around 1,784-85 zone.
Hence going forward, this is how we will formulate our plan of attack for FKLI this week. Shall the prices manage to stay above 1,782, and prices forming higher highs & lows, we will be looking for buying opportunities to trade in line with the potential uptrend. First uptrend target will be the previous market structure high of 1,791. Second uptrend target will be the psychological resistance of 1,800. Risk management will be the 1,782 zone. Any prices that closed below 1,782 will tell us that the market is likely to reverse its trend towards the downside.
So when the market does trade below 1,782, prices forming lower highs and lows. It signals to us that FKLI likely to trend lower and we want to look for opportunities to trade in-line with the downtrend. For added confluence, and its optional, you can observe whether prices also trade below the EMA13. Downtrend targets are 1,775 and 1,760. Risk management is 1,782.
—–

FCPO

As correctly anticipated in last week’s video, FCPO resumed its uptrend and hit a weekly high of 2,896. The market triggered our buy signal last week and we had a good trade on this uptrend as well. Now the latest price action is this: The market structure is uptrend, because as you can see, the market had higher highs and lows. As long as prices kept creating this price action and above 2,850, FCPO is likely to trend higher this week. Uptrend targets will be 2,900 and 2,950. Risk management is pegged at 2,850. 
On the other hand, shall prices dips below that 2,850 zone, there is a possibility that FCPO may had a slight downtrend towards the 2,800 zone. Another potential target is 2,750. Risk management is 2,850. 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

20 Sep, 10.30pm. Crude Oil Inventories. Previous inventory was 5.888M barrels. Expect price volatility for WTI Crude Oil, CAD currency pairs.

21 Sep, 2am. US FED Interest Rate Decision. Market is expecting FED to maintain 1.25% Expect price volatility for USD currency pairs.

21 Sep, 9.30pm, 22 Sep 4pm ECB president speaks. Expect some price volatility for EUR currency pairs.

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly FKLI FCPO Market Outlook 11 to 15 Sep 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
FKLI is trading around 1,774. So this is the situation that we have right now.
 
We will be looking for a long opportunity once price can stay above 1,767 and prices above the EMA13 line. Shall the market fulfill this criteria, our uptrend targets will be 1,783-85 and 1,800. Risk management will be the 1,767 zone, any candle that closes below it will negate my uptrend analysis.
 
Alternatively, FKLI will presents a short selling opportunity if prices break below 1,767 and market forming lower highs and lows. First downtrend target will be 1,750 while second downtrend target will be 1,740.
—–

FCPO

FCPO posted its 2nd consecutive week of gains with price closed at 2,766. FCPO resumed its uptrend as correctly discussed our last week’s analysis. Most importantly prices are currently above 2,750, that critical line in the sand that separates the bulls from the bears. Based on latest price action, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs and prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. Risk management will be the 2,750 zone.  

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of monthMalaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of monthITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

13 Sep, 11pm. Crude Oil Inventories. Previous inventory was -5.392M barrels. Expect price volatility for WTI Crude Oil, CAD currency pairs.

14 Sep, 3.30pm. SNB (Switzerland) Interest Rate Decision. Market is expecting -0.75%. Expect price volatility for CHF currency pairs.

14 Sep, 4.30pmBoE (UK) Interest Rate Decision. Market forecasting 0.25% rate. Expect some price volatility for GBP currency pairs.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

Follow & Like our Facebook page here!

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Market Outlook 5 to 8 Sep 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
 
If you remember last week’s video we mentioned if price breaks 1,767, it will trigger a short sell opportunity and the market did that on last monday. Subsequently it fell to a weekly low of 1,755. Currently it is trading around 1,764-67. So this is the situation that we have right now.
 
We will be looking for a long opportunity once price can stay above 1,767 and prices above the EMA13 line. Shall the market fulfil this criteria, our uptrend targets will be 1,775 and 1,783. Risk management will be the 1,767 zone, any candle that closes below it will negate my uptrend analysis.
 
Alternatively, FKLI will presents a short selling opportunity if prices break below 1,760 and market forming lower highs and lows. First downtrend target will be 1,750 while second downtrend target will be 1,740. Give yourself at least a 1 to 2 risk to reward ratio when you are shorting this market with 1,750 as your first downtrend target.
—–

FCPO

As correctly anticipated in our last week’s analysis, FCPO did had an uptrend and hit our second target of 2,750. On Friday the market then closed at 2,751, which is right above the 2,750 support zone. We are grateful to had a good trade when it triggered our buy signal. Going forward, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs. For added confluence, you can ensure that prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. 

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time). Take good care of your trades.

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO.

5 Sep, 12.30pm, RBA (Australia) Interest Rate Decision. Market is expecting 1.50% rate. Expect some price volatility for AUD currency pairs.

6 Sep, 9.30am. Australia Q2 GDP. Market is expecting a growth of 0.8%. Expect price volatility for AUD currency pairs.

6 Sep, 10pm. BoC (Canada) Interest Rate Decision. Market forecasting 0.75% rate. Expect some price volatility for CAD currency pairs.

7 Sep, 7.45pm. ECB Interest Rate Decision. Market forecasting -0.4%. Expect some price volatility for EUR currency pairs.

7 Sep, 11pm. Crude Oil Inventories. Previous inventory was -5.392M barrels. Expect price volatility for WTI Crude Oil, CAD currency pairs.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Schedule a free strategies consultation here!

Learn our Advance Trading Strategies Here!

 

David Lee & TGY ByDavid Lee & TGY

Weekly Futures Outlook: 28 to 30 Aug 2017

FKLI & FCPO Weekly Outlook Youtube:

 

 

 

FKLI & FCPO Weekly Outlook Text:

FKLI

 
 

Take note, this will be a very short futures market trading week because on Thursday 31st Aug, we will be celebrating our 60th Independence Day and on Friday 1st Sep, it is Hari Raya Haji. Happy Merdeka to all of us and also Selamat Hari Raya Haji to our Muslim friends. So the markets will going to be open on Monday until Wednesday, as a result we are expecting low liquidity/trading volume in our local futures market. But it does not mean there are not trading opportunities. As usual we traders have to prepared for any opportunities the markets throw at us.

 

If you noticed FKLI had been on a sideways trend for a quite sometime now. 1..2..3…11 candles that traded between the 1,767 support and 1,775 resistance zone. Is 1,767 a strong support? Look left, back in time, yes…1,767 is a strong support zone and currently buyers are also at this same level supporting the index. Now, you may ask…is this the right time to accumulate longs? Well, based on my experience and from the chart, now is not the best time. This is because 1,775 is a strong resistance and that’s where the sellers are converging at.

Hence, the professional way of trading FKLI right now is this. We will be looking for buying opportunities when the market eventually breaks above 1,775 PLUS forming higher high and higher low + prices above EMA13. This is the safest because when prices form these criteria, this means the sellers could be at its weakest. Uptrend targets will be 1,780 and 1,800. Risk management is 1,767.

 

On the other hand, FKLI will trigger short selling opportunities when market eventually breaks below 1,767 and prices below EMA13. This means the buyers unable to defend that 1,767 and it will be very easy for sellers to push the market lower to either 1,760 or 1,750. Risk management is at 1,775.

—–

FCPO

As correctly anticipated in our last week’s analysis, FCPO did had an uptrend and hit our second target of 2,750. On friday the market then closed at 2,751, which is right above the 2,750 support zone. We are grateful to had a good trade when it triggered our buy signal. Going forward, FCPO likely to resume uptrend as long as prices above 2,750, prices forming higher lows and highs. For added confluence, you can ensure that prices also above the EMA13. Uptrend targets will be 2,800 and 2,850. 

 

On the other hand, the buyers are defeated and not in control of the market if there is a candle close below 2,750. When this event happen, be prepared to look for short selling opportunities. First downtrend target is 2,700 and second downtrend target at 2,650. This simple if, then process is how I approached my FKLI & FCPO and Forex trading. It had certainty helped me to removed any blind biased on the market, it made the flexible and can easily adapt to the ever changing market conditions. Thus I can easily capture any opportunities the markets present to us. I highly encourage you to back test and paper trade this if, then technique. It believe it will greatly improve your trading.

 
 
 

FKLI & FCPO & Forex events to watch out this week (Msia Time)

Every 10th biz day of month, Malaysia Palm Oil Board’s Palm Oil stocks data. Expect some price volatility for FCPO. Take good care of your trades.

Every 10th, 15th, 20th, 25th and last biz day of month, ITS & SGS Palm Oil export data. Expect some price volatility for FCPO. Take good care of your trades.

30 Aug, 8.30pm, US Q2 GDP. Market is forecasting 2.7%. Expect some price volatility for US Indices & USD currency pairs. Take good care of your trades.

30 Aug, 10.30pm. US crude oil inventories. Expect price volatility for WTI & CAD currency pairs. Take good care of your trades.

31 Aug, 5pm. EUROZONE Aug CPI. Market forecasting 1.4%. Expect some price volatility for EUR currency pairs. Take good care of your trades.

31 Aug, 8.30am, Canada Jun GDP. Market forecasting 0.1%. Expect some price volatility for CAD currency pairs. Take good care of your trades.

1 Sep, 9.45am, China Caixin Aug manufacturing PMI, Market forecasting 51%. Expect some price volatility for AUD & NZD currency pairs. Take good care of your trades.

1 Sep, 4.30pm, UK manufacturing PMI, Market forecasting 55%. Expect some price volatility for GBP currency pairs. Take good care of your trades.

1 Sep, 10pm, US Aug manufacturing PMI, Market forecasting 56.6%. Expect some price volatility for USD currency pairs. Take good care of your trades.

 

DISCLAIMER

The information contained in this article is for reference only. No individual financial goals & risk appetite have been taken into account. Futures trading involve high risks.

Learn our Advance Trading Strategies Here!