SET50 Index Future Price Trend
Volatility, Dow Jones positive, foreigners net selling
Factors affecting SET50
Yesterday, the Dow Jones rose 162 points (+0.41%) to close at 39,331 points, due to strong buying in major tech stocks. However, trading volume is low ahead of the market holiday tomorrow.
Regarding the direction of WTI oil prices in August, New York stocks fell by USD 0.57/barrel (-0.68%) to close at USD 82.81/barrel. After hitting Category 5 Beryl, the hurricane is expected to weaken to a tropical storm later this week.
medium term trend
In the medium term, S50U24 is expected to be more negative after failing to hold above 795. Support is rated at 795*/783/770 and 802/810/818/829. If it breaks above 795, it may swing up to the resistance level.
803/810 can swing below to support 783/770 if unable to hold above 795
Medium Term Strategy (Week)
It is recommended to open long contract S50U24 at 783 and close the position at 795/802 resistance level with stop loss point at 778.
For those who opened a long contract S50U24 at 802 last Friday. For those who close the position at 797 and open long contract S50U24 at 795 with stop loss point at 790 at 802/810 resistance.
Factors to monitor in the short term
Tonight, follow ADP's report on private sector employment and the weekly U.S. jobless claims number, as well as ISM's PMI report on the U.S. services sector for June. The market expects 159,000 positions and 235,000 people and should track a nonfarm payrolls number of 52.7. Friday night's US unemployment rate
SET50 Short Term Future Trend (Intraday)
Yesterday, S50U24 swung down, rebounded to 803.2 high, alternated with strong swings to close at 792.5 low and 793..4, S50U24 fell harder than the index and brought the base between S50U24 and SET5002. condition.
-6.72 points (S50U24 and S50Z24 contract -4.09 and -0.09 points respectively)
Rate the S50U24 contract, it may fluctuate. If it stands above 793, it may rise to test the next resistance level 798/803.
Short Term Strategy (Intraday)**
Recommend open long contract S50U24 at 793 and close position at 798/803 resistance level with stop loss point at 788.
For those who opened long at 800 yesterday, they may have closed their position at 795.
Strategies Appropriate for Market Conditions: Short Term Strategy (Intraday)