SET50 Index Futures likely to move further into green zone tomorrow

BANGKOK, 3 July 2009 (NNT) – SET50 Index Futures are prone to move further into the green zone tomorrow as oil price has a possibility to hit US$73.

Mr. Kidakarn Suwanthamma, the Director for Futures Business Division of Phillip Securities Co. Ltd., said SET50 Index Futures at the Thailand Futures Exchange (TFEX) today moved upward in line with the indexes in foreign markets.

Investors with long status are advised to plough their money in the nearest contract month S50U09 (expiring September 2009) with the support line at 450 points and resistance line at 460 points.