Short-term strategy (intraday) downward swing, recommend opening a short contract S50H22 at 1013 and closing a position at support 1008/1003 with a stop loss at 1018.
Short-term strategy (intraday) downward swing, recommend opening a short contract S50H22 at 1013 and closing a position at support 1008/1003 with a stop loss at 1018.
SET50 Index Futures Price Trend
swing down US stock marketRemove foreigners resell
Factors affecting SET50
The Dow closed down 201 points (-0.58%) yesterday at 34,552 after the Federal Reserve chairman. (FED) Mr Jerome Powell has signaled that he may be tighter.monetary policymore by adjustingraise interest ratesMore than 0.25% in one or more meetings if deemed necessary To ensure that inflation will return to stability in the direction of oil prices, WTI in April closed up 7.42 (+7.09%) US dollars / barrel to close at 112.12 US dollars / barrel. After the European Union is considering whether to take measuresboycottper importoilfrom Russia? which is considering the 5th round of sanctions. It is scheduled to meet with US President Mr Joe Biden on Thursday Also on Wednesday will be reported.crude oil stockof the week
The United States in terms of domestic factors (March 22) reported 21,382 new cases (ATK 13,220), 24,824 more recoveries and 83 more deaths. It also follows the direction of the weak baht/dollar. value down most recently at 33.675
medium term trend
medium term expected S50H22 upward sway The short term is more positive after regaining above the 988 level. Estimate support 1003/995/988 and resistance 1013/1022/1030/1043. If it cannot stand above 1013, it may swing.
down to the next support 1003/995/988/978 But if it stands above 1013, it may swing up to test the next resistance at 1022/1030.
It is recommended to open a short contract S50H22 at resistance 1013 and close a position at support 1003/995 with a stop loss at 1018.
Factors to follow in the short term
Short-term follow up on the situation in Ukraine. Tonight, follow the President of the European Central Bank (ECB) announced Wednesday night, follow the weekly report of US crude inventories. and new home sales for the month of Feb. The market is expected to increase by 0.025 million barrels and 810,000 units.
SET50 short term futures trend (intraday)
yesterday S50H22 Swinging down, it rebounded to a high of 1018.1, alternating down to a low of 1008.6 and closing at 1011.7, with S50H22 minus below the index, bringing the Basis between S50H22 and SET50 to +0.82 (Fair Basis contract. S50H22 and S50M22 are at +0.15 and -4.77 points).
Assess the contract S50H22 may swing down. If it cannot stand above 1013, it may swing down to test the support at 1008/1003.
Strategies for Intraday Trading
It is recommended to open a short contract S50H22 at 1013 and close a position at support 1008/1003 with a stop loss at 1018.
For those who opened long at 1010 yesterday, close the position at resistance 1013/1018 with Stop loos at 1005.