SET 50 Futures : S50H11 – Risk of a pulback to 605-608 before expiry

S50H11 was some support at 643, but it is unlikely to hold, with 626 to 633 seen as a more substantial base to watch for a technical rebound to form, and possibly to cover ones shorts. Looking forward several weeks, we easily imagine a scenario whereby this front month contract comes off to 605-608, and possibly as low as 590 or so.

 

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