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Where Futures Lies

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

 

Daily Futures Trading Strategy 16 November 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

 
Wall Street closed higher on Friday with upbeat earnings reports helping to drive optimism about the economy along with hopes for successful COVID-19 vaccines even as investors monitored a surge in virus cases and restrictions around the country.
 

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Plan A : Remain buy as long as market supported firmly above 28967. Targets are 29483 and 29570.
 
Plan B : Consider sell if market falls below 29323. Targets are 29029 and 28967.
 
 
E-Mini S&P 500
 

U.S. equities ended Friday on a high note with the Dow Jones Industrial Average rallying nearly 400 points, or 1.4%. The S&P 500 gained 1.36% to close at a record and the Nasdaq Composite gained 1%.

Friday’s rally brought the Dow’s week-to-date gain to about 4.1% and the S&P 500′s weekly tally to nearly 2.2%. The Nasdaq Composite finished in the red for the week as investors ditched technology names for cyclicals.

Shares of cruise operator Carnival rose more than 7%. United Airlines and Boeing were both up more than 5%. Disney closed 2.1% higher on the back of better-than-expected quarterly numbers. At the sector level, energy and industrials rose 3.8% and 2.2%, respectively, to lead the S&P 500 higher. Financials were up more than 1%.

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 3614. Targets are 3629, 3645 and 3661.

Plan B : Short if market failed to support above 3614. Targets are 3588, 3560 and 3531.

 
 
E-Mini Nasdaq
 

U.S. stock futures rose on Sunday night as traders assessed a sharp market rotation that led to a mixed weekly performance last week.

Those moves came as traders piled into beaten-down value names at the expense of high-flying growth stocks amid positive vaccine news. 

Before Friday’s rally, the rotation paused midweek as traders worried that a rising number of coronavirus cases could hit the economy significantly before a vaccine gets here.

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 11919. Targets are 11948, 11980 and 12011.

Plan B : Short if market failed to support above 11919. Targets are 11881, 11838 and 11792.
 

 
HSI
 
Hong Kong stocks ended the week higher, despite a slight easing on the day after Trump administration decided to ban U.S. investments in firms linked to the Chinese military, ramping up pressure on Beijing after the U.S. 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 : Attempt sell if market trades below 26298. Targets are 26113 and 26070.

Plan B : Consider buy only if market  supported firmly above 26113. Targets are 26298 and 26363.
 
 
 
WTI Crude
 
Oil prices fell more than 2% on Friday, pressured by swelling output from Libya and fears that rising coronavirus infections may slow the recovery in the global economy and fuel 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 : Remain buy as long as oil price trades firmly above 40.2. Targets are 40.9 and 41.5

 
Plan B : Consider sell if oil price consistently trading below 40.9. Targets are 40.2 and 39.4
 
 
 
Gold
 
Gold rose on Friday as increasing coronavirus infections globally re-ignited concerns about the economic toll from the pandemic, while skepticism over the reach of a potential COVID-19 vaccine further boosted the safe-haven metal.

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

Plan A : Consider sell if gold price surges but fails to breach above 1896. Targets are 1885 and 1872.
 
Plan B : Consider buy only if gold price trades firmly above 1885. Targets are 1896 and 1910.
 
 

 

 

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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