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Author: Futurescoin   |   Latest post: Mon, 18 Oct 2021, 3:34 AM

 

Daily Futures Trading Strategy 17 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 Dow ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.
 

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Plan A : Attempt buy if market trades firmly above 34526 and rebound. Targets are 34644 and 34909.
 
Plan B : Consider short if market rebounds but fails to breach above 34909. Targets are 34625 and 34526.


 
E-Mini S&P 500
 

The S&P 500 dipped nearly 0.2% to 4,473.75 when investors digested the mixed economic readings released Thursday.

August retail sales surprised the market and rose 0.7% from the month prior, the Census Bureau reported Thursday. Economists surveyed by Dow Jones expected a 0.8% month-over-month decline.

Meanwhile, the latest unemployment insurance weekly data showed 332,000 first-time jobless claims last week. Economists polled by Dow Jones expected a total of 320,000 initial claims.

Friday marks a key date for the market as the final third of September historically sees the worst performance of the month. The S&P 500 typically peaks around Sept. 17 before selling off into the end of September.

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Plan A : Long if market supported firm above 4473. Targets are 4485, 4496 and 4509. 
 
Plan B : Short if market failed to support above 4473. Targets are 4458, 4442 and 4425.

 

E-Mini Nasdaq
 

Stock futures were steady in early morning trading on Friday as investors remain cautious about the month of September.

The Nasdaq Composite was the outperformer, rising 0.13% as Netflix, Microsoft and Amazon all closed in the green.

The Census Bureau reported Thursday that August's retail sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. However, the retail sales beat came after the initial estimate for July was revised down sharply from a month-over-month gain of 0.5% to a decline of 1.8%.

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 15480. Targets are 15512, 15545 and 15581.
 
Plan B : Short if market failed to support above 15480. Targets are 15440, 15398 and 15355.
 

 
HSI
 
Hong Kong stocks fell for the fourth straight day to a 10-month closing low, as shares of embattled Chinese developer China Evergrande Group tumbled to their lowest in a decade, sparking contagion fears.
 

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Plan A : Remain sell as long as market trades below 24821. Targets are 24560 and 24310.

Plan B : Consider long only if market supports firmly above 24130 and rebound. Targets are 24470 and 24560.

 
 
WTI Crude
 
Oil prices steadied on Thursday after hitting a multi-week high a day earlier as the threat to U.S. Gulf crude production from Hurricane Nicholas receded.
 

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Plan A : Remain buy as long as oil price trades firmly above 70.9. Targets are 73.1 and 74.2.

Plan B : Consider short if oil price surges but fails to breach above 73.1. Targets are 72.5 and 70.9.

 
 
Gold
 
Gold slid nearly 3% on Thursday and silver lost over 5% as strong U.S. retail sales data boosted the dollar and gave ammunition to bets that the Federal Reserve may hasten its tapering.
 

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 sell as long as gold price stays below 1766.1. Targets are 1743.8 and 1730.6.

 
Plan B : Consider long only if gold price able to hold firm above 1750 and rebound. Targets are 1755.3 and 1766.1.
 
 
 
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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