Derivatives stock forecast April 18: Prolonged tug-of-war, waiting for confirmation from cash flow and technicals
Derivatives on April 18 are expected to continue to fluctuate, with the VN30F2505 contract standing out as it attracts cash flow and is expected to improve technical signals.
The derivatives trading session on April 17 recorded a bright spot when futures contracts increased simultaneously. The VN30F2505 contract increased sharply by 1.16% to 1,303.4 points, while the VN30F2504 contract increased by 0.47% and maintained green at the end of the session thanks to overwhelming demand in the second half of the afternoon.
However, the point worth noting is thatTrading volume of the entire derivatives market decreased slightly., of which the F2504 contract fell more than 14%, reflectinghesitant and cautiousfrom investors. Foreign investors returned to net buying with a modest scale - 583 contracts, but this is still a positive signal in the context of volatile trading.
basisThe gap between the VN30F2504 contract price and the underlying VN30-Index widened to -7.03 points, showing that investors' short-term expectations are still leaning towards caution.
Technically,VN30-Index is in the process of retesting the strong resistance zone of 1,280–1,300 points., which coincides with the Fibonacci Projection 38.2% level. The MACD indicator is still below the signal line but has gradually narrowed the gap. If the buy signal reappears, the short-term trend will become more positive, creating positive momentum for the futures contract.
In the short term, the trendThe sideways movement is likely to continue.in the session on April 18, especially at the 1,300-1,305 point range for VN30F2505. This will be a strategic area for investors to consider opening a buying position if the market does not correct deeply. On the contrary, profit-taking pressure may increase if it exceeds the 1,310 point threshold without confirmation of liquidity.
Forgovernment bond futures, the codes GB05F2506, GB05F2509 and GB05F2512 are currently priced attractively compared to reasonable valuations. This could be a notable medium-term investment opportunity in the context of stable interest rates.
Overall, the April 18 session is likely to continue to be a session of differentiation and accumulation in the derivatives market, with opportunities to open short-term positions at the support zone of 1,296-1,300 points, but it is necessary to closely monitor technical signals and cash flow developments before taking action.
