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Where Futures Lies

Author: Futurescoin   |   Latest post: Fri, 23 Jul 2021, 4:10 AM

 

Daily Futures Trading Strategy 15 June 2021

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

 

 
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E-Mini Dow

 
The S&P 500 and the Dow eased on Monday, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal Reserve's meeting this week on the central bank's outlook on inflation and the future of bond purchases.
 

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Plan A : Remain short as long as market stays trading below 34554. Targets are 34347 and 34201.
 
Plan B : Consider buying only if market holds resiliently above 34347 and rebound. Targets are 34554 and 34650.
 
 
 
E-Mini S&P 500
 

The Nasdaq Composite jumped to a record high on Monday as investors rotated back into growth-oriented stocks ahead of a key Federal Reserve meeting.

The S&P 500 gained about 0.2% to another record close 4,255.15, boosted by the technology sector. 

Investors are giving growth and tech stocks another chance as bond yields come down. The 10-year Treasury fell below 1.43% on Friday, a three-month low. 

The Fed’s two-day policy meeting will likely dominate investor behavior this week. Although the central bank is not expected to take any action, its forecasts for interest rates, inflation and the economy could move the markets. The Fed could possibly move up its forecast for a rate hike after saying in its last quarterly update that it would keep its benchmark rate near zero through 2023, the Wall Street Journal reported on Monday.

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Plan A : Short only if market failed to support above 4234. Targets are 4207, 4182 and 4151.
 
Plan B : Long if market retraced but supported firm above 4234. Targets are 4249, 4268 and 4285.
 


E-Mini Nasdaq

U.S. stock futures were steady in overnight trading on Monday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve’s latest monetary policy meeting.

The tech-heavy benchmark rose 0.7% to an all-time closing high of 14,174.14, overtaking the previous record on April 26.

Investors will also be watching for another inflation gauge released on Tuesday. The Producer Price Index — which measure the prices paid to producers as opposed to prices on the consumer level — is expected to rise 0.5% in May, according to Dow Jones estimates. The core PPI — which excludes volatile items like foods, energy and trade services — is also estimated to increase 0.5%.

May’s retail sales data are also slated for release at 8:30 a.m. ET. Economists polled by Dow Jones are expecting a drop of 0.6% for last month. Excluding autos, economists expect May’s retail sales rose 0.5%. Retail sales in April were unchanged as the boost from stimulus checks faded.

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Plan A : Short if market failed to support above 14103. Targets are 14060, 14021 and 13979.
 
Plan B : Long if market supported firm above 14103. Targets are 14133, 14167 and 14200.
 
 
 
HSI
 
Hong Kong stocks posted a second straight weekly drop on Friday even as markets settled higher for the day, in line with broader Asia as inflation fears eased. Hong Kong market was closed for dragon boat.
 

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Plan A : Remain sell as long as market stays trading below 28867. Targets are 28639 and 28443.

Plan B : Consider long only if market supports above 28639 and rebound. Targets are 28760 and 28867.

 
 
WTI Crude
 
Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed COVID-19 reopening dampened expectations for fuel demand growth and tighter supplies.
 

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Plan A : Remain buy as long as oil price trades firmly above 70.4. Targets are 71.1 and 71.9.

Plan B : Consider short if oil price surges but fails to breach above 71.9. Targets are 71.1 and 70.4.

 
 
Gold
 
Gold prices slipped as much as 1.7% on Monday, as some investors feared the U.S. Federal Reserve may outline a path for scaling back its expansive monetary policy at a two-day meeting this week.
 

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 1857.4. Targets are 1869.4 and 1878.8.
 
Plan B : Consider short if gold price consistently trading below 1878.8. Targets are 1869.4 and 1857.4.
 
 
 
 
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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