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Where Futures Lies

Author: Futurescoin   |   Latest post: Thu, 3 Dec 2020, 2:50 AM

 

Daily Futures Trading Strategy 28 October 2020

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                                                                FUTURESCOIN IS GOING GLOBAL

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

 
Stocks on Wall Street closed little changed on Tuesday, with the Dow and S&P 500 slipping on disappointing earnings and little hope for a U.S. coronavirus stimulus before Election Day, though the Nasdaq rose ahead of big technology company results.
 

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Plan A : Consider buy only if market supported firmly above 27132. Targets are 27270 and 27459.
 
Plan B : Remain sell as long as market trades below 27459. Targets are 27260 and 27132.
 
 
E-Mini S&P 500
 

The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to veteran investor Mark Mobius.

Wall Street also pored through the latest batch of corporate earnings for the previous quarter, including those of tech giant Microsoft.

Microsoft reported better-than-expected earnings and revenue for the previous quarter as sales from its cloud business grew sharply. However, the stock dipped 0.3% in after-hours trading.

First Solar also posted quarterly numbers that beat analyst expectations, sending its shares up about 10% after the bell. Boeing, General Electric, UPS and Fiat Chrysler are among the companies set to report Wednesday before the bell.
 

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

Plan A : Long if market doesn't retrace much and supported firm above 3369. Targets are 3384, 3400 and 3418.

Plan B : Short if market failed to support above 3369. Targets are 3340, 3321 and 3294.
 

 
 
E-Mini Nasdaq
 

U.S. stock futures fell early Wednesday morning following a mixed session in which traders weighed a recent uptick in coronavirus infections.

The Dow fell more than 200 points during regular trading and the S&P 500 slipped 0.3%. The Nasdaq Composite, meanwhile, advanced 0.6%. Tuesday’s divergent market action came as names that would benefit from people staying at home — such as Amazon and Zoom Video — rose broadly while stocks dependent on the economy reopening declined.

Daily U.S. coronavirus cases have risen by a record average of 69,967 over the past week, data compiled by Johns Hopkins University showed. Meanwhile, coronavirus-related hospitalizations are up 5% or more in 36 states, according to data from the Covid Tracking Project.

This uptick has led some countries to reinstate certain lockdown measures. In the U.S., the state of Illinois has ordered Chicago to shut down indoor dining.
 

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

Plan A : Long if market doesn't retrace much and supported firm above 11452. Targets are 11480, 11512 and 11540.

Plan B : Short if market failed to support above 11452. Targets are 11418, 11379 and 11335.
 

 
HSI
 
Hong Kong shares ended lower on Tuesday, as global investor sentiment took a hit from surging COVID-19 cases globally and slow progress on a U.S. stimulus deal, even as record-breaking IPO by Ant Group drew strong demand.

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

Plan A : Attempt buy if market supported firmly above 24516. Targets are 24681 and 24783.

Plan B : Consider selling if market breaks below 24681. Targets are 24591 and 24516.

 
 
 
WTI Crude
 
Crude rebounded on Tuesday as companies shut down some U.S. Gulf of Mexico oil production ahead of an approaching storm, although surging coronavirus infections and rising Libyan supply limited gains.
 

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Plan A : Remain sell as long as oil price trades below 39.9. Targets are 38.7 and 38.2

Plan B : Consider long only if oil price test support at 38.2 and rebound. Targets are 38.7 and 39.9
 

 
 
Gold
 
Gold prices edged higher on Tuesday, helped by a weaker dollar and worries over a second surge in coronavirus cases, although the safe-haven metal held a narrow range as investors' focus on next week's U.S. presidential election.
 

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

Plan A : Short if gold price falls below 1910. Targets are 1893 and 1885.
 
Plan B : Consider buy only if gold price holds resiliently above 1910. Targets are 1923 and 1935.
 
 

 

 

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, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, 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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