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Where Futures Lies

Author: Futurescoin   |   Latest post: Fri, 17 Sep 2021, 4:10 AM

 

Daily Futures Trading Strategy 3 September 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 Nasdaq squeaked to record highs while Dow gained 131-points as Wall Street's main indexes all ended Thursday in positive territory, with higher commodity prices helping energy names recover ground and the latest jobs data leaving investors unfazed from existing positions.
 

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Plan A : Remain buy as long as market stays firm above 35338. Targets are 35470 and 35530.
 
Plan B : Consider short if market surges but fails to breach above 35530. Targets are 35410 and 35338.
 
 
 
E-Mini S&P 500
 

The S&P 500 and the Nasdaq Composite climbed to new respective records on Thursday after weekly U.S. jobless claims reached their lowest level since the start of the Covid crisis.

The broad equity benchmark added 0.3% to 4,536.95, hitting its 54th record closing high of 2021.

First-time claims for unemployment insurance totaled 340,000 for the week ended Aug. 28, versus a Dow Jones estimate of 345,000. The number is also the lowest since March 2020.

Fed Chairman Jerome Powell has emphasized the need for more strong jobs data before the central bank would start to unwind its massive bond-buying program, putting heightened focus on Friday’s employment report.

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

Plan A : Long if market supported firm above 4538. Targets are 4548, 4559 and 4571.
 
Plan B : Short if market failed to support above 4538. Targets are 4523, 4505 and 4491.
 

 

E-Mini Nasdaq
 

U.S. stock futures were steady in overnight trading on Thursday as investors geared up for August’s jobs report.

On Thursday, the S&P 500 and Nasdaq rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020.

The technology-heavy Nasdaq Composite rose 0.14% to close at an all-time high. 

Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July.  The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July.

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

Plan A : Long if market supported firm above 15592. Targets are 15622, 15655 and 15689.
 
Plan B : Short if market failed to support above 15592. Targets are 15550, 15509 and 15465.
 
 
 
HSI
 
Hong Kong shares ended higher on Thursday, extending gains into a fourth straight session for the first time since March as investors bet on further easing to support China's economic recovery.
 

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Plan A : Remain buy as long as market trades firmly above 25882. Targets are 26122 and 26325.

Plan B : Consider short only if market surges but fails to breach above 26122. Targets are 25920 and 25860.

 
 
WTI Crude
 
Oil prices rose more than $1 a barrel on Thursday, rebounding on optimism about global economic growth despite the coronavirus pandemic, and after U.S. crude inventories fell more than anticipated.
 

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Plan A : Remain buy as long as oil price trades resiliently above 68.3. Targets are 69.9 and 70.9

Plan B : Consider short only if oil price surges but fails to breach above 69.9. Targets are 68.8 and 68.3

 
 
Gold
 
Gold eased in range-bound trading on Thursday as investors ignored a subdued dollar and squared positions with a focus still on Friday's non-farm payrolls data that could determine the U.S. Federal Reserve's tapering strategy.
 

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

 

Plan A : Remain buy as long as gold price stays firm above 1802.3. Targets are 1823.4 and 1833.1.

 
Plan B : Consider short if gold price surges but fails to breach above 1823.4. Targets are 1818 and 1809.6.
 
 
 
 
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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