Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Fri, 3 Apr 2020, 6:16 AM

 

Daily Futures Trading Strategy 16 March 2020

Author:   |    Publish date:


 

FUTURESCOIN IS GOING GLOBAL

 

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 

 

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E-Mini Dow

 

Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week. 

 

U.S. stocks futures hit their downlimit before daybreak on Monday morning as the U.S. Federal Reserve cut interest rates by 100 basis points on Sunday to a target range of 0% to 0.25%.

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Remain short as long as market stays below 22548. Targets are 22324, 22148 and 21947.

Plan B : Cut above 22600.

Plan C : Attempt to long only if market stays firm above 21760. Targets are 21947, 22148 and 22324.

Plan D : Cut below 21660.

 

 

 

 

E-Mini S&P 500

 

Stock futures plunged late Sunday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

 

Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.

 

Dow futures were off by more than 1,000 points, triggering the limit down level. S&P 500 and Nasdaq 100 futures were also at their downside limits. 

 

While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

 

Plan A : Short if market failed to support above 2560.25. Targets are 2545.25, 2534.50 and 2520.75

Plan B : Short if market rebounded but resisted around 2596.25. Targets are 2575.50, 2560.25 and 2546.25.

Plan C : Long if market supported firm above 2560.25. Targets are 2580.25, 2598.75 and 2611.25.

 


 

E-Mini Nasdaq
 

Dow plunged more than 1,000 points, also triggering the limit down level. The halt occurs during non-U.S. trading hours — that is before the 9:30 a.m. ET open of regular trading.

 

The brutal sell-off in the futures market came even after the Federal Reserve cut interest rates to near zero in an aggressive bid to save the U.S. economy from the coronavirus fallout.

 

The limit down rule has been tripped multiple times in the past few weeks as investors exited the market with the coronavirus outbreak disrupting global supply chains and fueling fears of a recession. The stock market has tumbled into a bear market, or down more than 20% from their recent highs.

 

If the sell-off accelerates on Monday during the regular trading hours, the so-called circuit breakers could kick in once again. 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Long if market retraced but supported firm above 7518.25. Targets are 7559.75, 7590.25 and 7619.50.

Plan B : Short if market rebounded but resisted around 7631.25. Targets are 7582.25, 7543.25 and 7502.25.

Plan C : Short only if market failed to support above 7518.25. Targets are 7478.25, 7441.25 and 7420.25. 

 


 

HSI
 

The Hang Seng index plunged at the open into a bear market. The benchmark clawed back losses to close down 1.1%, though it still suffered the worst week in two years.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Remain short if market stays below 23182. Targets are 22972 and 22840. Cut above 23216.
Plan B : Long only if market tested and rebounds from 22840. Targets are 22972 and 23182. Cut below 22780.

 

WTI Crude

 

Oil prices jumped more than 5% in extended hours on Friday after President Donald Trump said the Department of Energy would purchase crude for the nation's strategic petroleum reserve (SPR).

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Remain sell as long as oil price stays below 32.1

Plan B : Exit above 32.5

Plan C : Consider buying if oil price tumbles but holds firm above 30.1

Plan D : Cut below 29.5

 

 

 

 

Gold

 

Gold reversed course on Friday, tumbling as much as 4.5% and heading for its biggest weekly decline since 1983, as investors preferred cash and continued to sell bullion to meet margin calls across other markets.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

 

Plan A : Attempt sell if gold price stays below 1576.9

Plan B : Cut above 1582.0

Plan C : Consider buying only if gold price able to hold resiliently above 1547.0

Plan D : Cut below 1539.8



 

 

 

 

 

 

 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

 

FUTURESCOIN IS GOING GLOBAL

 

WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

 

If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.

 

 

Click here to contact us : https://goo.gl/B6Dccf 



 

E-Mini Dow

 

Wall Street staged a furious rally in the waning moments of the session on Friday after U.S. President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week. 

 

U.S. stocks futures hit their downlimit before daybreak on Monday morning as the U.S. Federal Reserve cut interest rates by 100 basis points on Sunday to a target range of 0% to 0.25%.

 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Remain short as long as market stays below 22548. Targets are 22324, 22148 and 21947.

Plan B : Cut above 22600.

Plan C : Attempt to long only if market stays firm above 21760. Targets are 21947, 22148 and 22324.

Plan D : Cut below 21660.

 

 

 

 

E-Mini S&P 500

 

Stock futures plunged late Sunday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

 

Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.

 

Dow futures were off by more than 1,000 points, triggering the limit down level. S&P 500 and Nasdaq 100 futures were also at their downside limits. 

 

While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

 

Plan A : Short if market failed to support above 2560.25. Targets are 2545.25, 2534.50 and 2520.75

Plan B : Short if market rebounded but resisted around 2596.25. Targets are 2575.50, 2560.25 and 2546.25.

Plan C : Long if market supported firm above 2560.25. Targets are 2580.25, 2598.75 and 2611.25.

 


 

E-Mini Nasdaq
 

Dow plunged more than 1,000 points, also triggering the limit down level. The halt occurs during non-U.S. trading hours — that is before the 9:30 a.m. ET open of regular trading.

 

The brutal sell-off in the futures market came even after the Federal Reserve cut interest rates to near zero in an aggressive bid to save the U.S. economy from the coronavirus fallout.

 

The limit down rule has been tripped multiple times in the past few weeks as investors exited the market with the coronavirus outbreak disrupting global supply chains and fueling fears of a recession. The stock market has tumbled into a bear market, or down more than 20% from their recent highs.

 

If the sell-off accelerates on Monday during the regular trading hours, the so-called circuit breakers could kick in once again. 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Long if market retraced but supported firm above 7518.25. Targets are 7559.75, 7590.25 and 7619.50.

Plan B : Short if market rebounded but resisted around 7631.25. Targets are 7582.25, 7543.25 and 7502.25.

Plan C : Short only if market failed to support above 7518.25. Targets are 7478.25, 7441.25 and 7420.25. 

 


 

HSI
 

The Hang Seng index plunged at the open into a bear market. The benchmark clawed back losses to close down 1.1%, though it still suffered the worst week in two years.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Remain short if market stays below 23182. Targets are 22972 and 22840. Cut above 23216.
Plan B : Long only if market tested and rebounds from 22840. Targets are 22972 and 23182. Cut below 22780.

 

WTI Crude

 

Oil prices jumped more than 5% in extended hours on Friday after President Donald Trump said the Department of Energy would purchase crude for the nation's strategic petroleum reserve (SPR).

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

Plan A : Remain sell as long as oil price stays below 32.1

Plan B : Exit above 32.5

Plan C : Consider buying if oil price tumbles but holds firm above 30.1

Plan D : Cut below 29.5

 

 

 

 

Gold

 

Gold reversed course on Friday, tumbling as much as 4.5% and heading for its biggest weekly decline since 1983, as investors preferred cash and continued to sell bullion to meet margin calls across other markets.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for March subscription.

 

Plan A : Attempt sell if gold price stays below 1576.9

Plan B : Cut above 1582.0

Plan C : Consider buying only if gold price able to hold resiliently above 1547.0

Plan D : Cut below 1539.8



 

 

 

 

 

 

 

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

 

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