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Where Futures Lies

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

 

Daily Futures Trading Strategy 7 September 2021

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

 
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E-Mini Dow

 
The Nasdaq ended Friday at a new peak but the other main Wall Street indexes fell, reflecting the mixed sentiment stemming from a disappointing U.S. jobs report which raised fears about the pace of economic recovery but weakened the argument for near-term tapering.
 

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Plan A : Attempt sell if market stays below 35338. Targets are 35219 and 35146.
 
Plan B : Consider long if market holds resiliently above 35146 and rebound. Targets are 35219 and 35338.



E-Mini S&P 500

Market sentiment remains cautiously optimistic during early Tuesday as traders await the opening of the US and Canadian bourses after an extended weekend. The risk appetite improves on easing concerns over the monetary policy adjustments and recently softening coronavirus numbers, as well as hopes of faster jabbing.

While portraying the mood, the US 10-year Treasury yields begin the week on a positive note, up 2.2 basis points (bps) to 1.343%. 

Elsewhere, the pandemic-led local lockdowns have tamed talks over the monetary policy consolidations at the Fed, ECB and the RBA. The last Friday’s US employment data underpinned the hopes of further easy money policies and renewed market optimism.

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Plan A : Long if market supported firm above 4540. Targets are 4551, 4562 and 4570.

 
Plan B : Short if market failed to support above 4540. Targets are 4526, 4509 and 4491.

 


E-Mini Nasdaq

U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend.

In regular trading Friday, the tech-heavy Nasdaq rose 0.21%, helping support the broader market.

The losses came after the August jobs report came in short of expectations, highlighting continued concern about the spread of Covid and its delta variant. Non-farm payrolls increased by 235,000 in August, the Labor Department reported, but economists surveyed by Dow Jones expected 720,000 jobs.

One week into September, the major averages are all up, despite a muted kickoff to for the month. Year-to-date, the Nasdaq Composite is up 19.2%, although investors and analysts are still on the lookout for a major correction in September.

 

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Plan A : Long if market supported firm above 15687. Targets are 15718, 15751 and 15788.

Plan B : Short if market failed to support above 15687. Targets are 15644, 15600 and 15555.
 
 
 
HSI
 
Hong Kong shares rose on Monday after China vowed to advance the opening up of its financial sector, with technology and financials stocks leading the gains.
 

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Plan A : Remain buy as long as market trades firmly above 25942. Targets are 26160 and 26325.

Plan B : Consider short if market surges but fails to breach above 26325. Targets are 26160 and 26030.

 
 
WTI Crude
 
Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the U.S. Gulf Coast export and refining hub from the hurricane earlier this week looked set to deplete stocks further.
 

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Plan A : Remain buy as long as oil price trades resiliently above 68.7. Targets are 69.9 and 70.9

Plan B : Consider short if oil price consistently trades below 68.8. Targets are 68.3 and 67.8.

 
 
Gold
 
Gold prices hovered on Monday below a 2.5 month peak after a disappointing U.S. jobs data signaled that the Federal Reserve could push back the timeline for tapering stimulus measures, bolstering bullion's appeal as an inflation hedge.
 

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 1812.3. Targets are 1823.4 and 1833.1.
 

Plan B : Consider short if gold price surges but fails to breach above 1833.1. Targets are 1823.4 and 1812.3.
 
 
 
 
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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