Downside to be between 3-4% today.
Posted by admin in Commodities, Events and Advertisements, Futures Pick, Market Analysis, Stock PickGood Morning,
Based on the Dow Futures trading at the moment, it is currently down another 1% in Asia trading hours thus most likely will cause more selling on the Asia bourses as the Dow Index closed 3% lower on last Friday.
At V3Go, we are expecting the STI to be supported at around 2714-2718 level range for today. The Index closed at 2806 on last Friday.
For HK Future, we are expecting support at 18920-18925 as it closed at 19814 on last Friday.
For Crude Oil, we are expecting a support at US$69.10-US$69.19 but should it close below US$69 , this could lead this commodity down to US$65 level and this could bring more selling in CPO stocks (Rem, I mentioned that we have all our grads to clear long positions before the weekend and we were proven right).
Overall, we are NOT KEEN to buy any shares at the moment because we expect more selling to come this week as many other non-V3Go traders been buying shares over the last week thus we expect them to unload once their contra day arrives. We won’t be shorting stocks at these levels now since most likely it will gap down a fair bit. We will only activate shorting the Index Futures and target quick profit too.
Sincerely, we hope that more people will make the decision to come for our V3Go Futures Mentoring Program and learn how to trade Futures so that they can make more money to recover their current situation or increasing their wealth than being constricted to trade stocks only.
Contact us at Sales@Genesismgt.com.sg now
Disclaimer applied
Kelvin Han
aka Trend Master
V3Go Originator
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