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Where Futures Lies

Author: Futurescoin   |   Latest post: Thu, 24 Jun 2021, 3:43 AM

 

Daily Futures Trading Strategy 11 June 2021

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

 

 
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E-Mini Dow

 
U.S. stocks rose on Thursday and the S&P 500 hit a record intraday high as investors juggled signs of a swift economic recovery with concerns over the Federal Reserve tapering its massive monetary stimulus.
 

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Plan A : Remain short as long as market stays trading below 34554. Targets are 34450 and 34201.
 
Plan B : Consider buying only if market holds resiliently above 34450 and rebound. Targets are 34554 and 34650.
 
 
 
E-Mini S&P 500

The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures.

The broad equity benchmark climbed nearly 0.5% to a record closing high of 4,239.18. The S&P 500 also hit an intraday record of 4,249.74, overtaking its May 7 high after the market traded sideways for a month. 

Consumer prices for May accelerated at their fastest pace since the summer of 2008 amid the economic recovery from the pandemic-triggered recession, the Labor Department reported Thursday.

The consumer price index, which represents a basket including food, energy, groceries and prices across a spectrum of goods, rose 5% from a year ago. Economists surveyed by Dow Jones had been expecting a gain of 4.7%.
 

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Plan A : Long if market supported firm above 4234. Targets are 4251, 4267 and 4281.
 
Plan B : Short if market failed to support above 4234. Targets are 4208, 4180 and 4155. 

 
 
E-Mini Nasdaq
 

U.S. stock futures were flat early Friday morning after the S&P 500 hit a new high during regular trading, despite hotter-than-expected inflation data.

The Nasdaq Composite ended the day up 0.78% at 14,020.33.

Separately, initial jobless claims for the week ended June 5 came in at 376,000 — the lowest tally of the Covid pandemic — according to a separate Labor Department report released Thursday.

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

Plan A : Long if market supported firm above 13899. Targets are 13930, 13961 and 13992.
 
Plan B : Short if market failed to support above 13899. Targets are 13858, 13815 and 13766.


 
HSI
 
Hong Kong stocks ended flat on Thursday as investors awaited U.S. inflation data for any sign the Federal Reserve could start tapering its massive stimulus.
 

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

 

Plan A : Remain sell as long as market stays trading below 28778. Targets are 28639 and 28443.

Plan B : Consider long only if market supports above 28639 and rebound. Targets are 28760 and 28912.

 
 
WTI Crude
 
Oil prices edged up to their highest in over two years in volatile trade on Thursday, on optimism for strong economic demand after new U.S. unemployment claims fell to their lowest since the country's first wave of COVID-19 last year.
 

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

 

Plan A : Remain buy as long as oil price trades firmly above 69.5. Targets are 70.4 and 71.1.

Plan B : Consider short if oil price surges but fails to breach above 70.4. Targets are 69.5 and 68.5.

 
 
Gold
 
Gold prices nudged up on Thursday after data showed U.S. consumer prices increased more than expected last month but eased fears over the Federal Reserve tapering its monetary support.
 

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

 
 
Plan A : Attempt buy if gold price trades firmly above 1888.3. Targets are 1900.1 and 1903.
 
Plan B : Consider short if gold price consistently trading below 1900.1. Targets are 1888.3 and 1878.8.
 
 
 
 
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, 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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