Highlights

Where Futures Lies

Author: Futurescoin   |   Latest post: Wed, 24 Nov 2021, 12:28 AM

 

Daily Futures Trading Strategy 9 November 2021

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

 
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E-Mini Dow

 
The Dow hit a record high on Monday as the passage of $1 trillion infrastructure bill lifted industrials, materials and other economy-focused sectors, while Tesla fell on top boss Elon Musk's plan to sell about a tenth of his stake.
 

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Plan A : Remain buy as long as market supported firmly above 36028. Targets are 36375 and 36652.
 
Plan B : Consider short if market surges but fails to breach above 36375. Targets are 36170 and 36028.



E-Mini S&P 500
 

The S&P 500 closed at a record high Monday after Congress approved an infrastructure spending package.

The broad index gained 0.09% to close above 4,700 for the first time at 4,701.70. 

The passage of the infrastructure stimulus, an improving Covid situation in the U.S., and a better-than-expected labor market reading boosted investor confidence in the economic recovery. The October jobs report came in Friday better than economists expected as U.S. payrolls added 531,000 jobs last month, according to the Labor Department.

The Federal Reserve is eyeing both inflation and jobs data to guide its timeline on normalizing monetary policy.

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

Plan A : Long if market supported firm above 4693. Targets are 4704, 4715 and 4728.

Plan B : Short if market failed to support above 4693. Targets are 4678, 4660 and 4641.
 
 
 
E-Mini Nasdaq

U.S. stock futures were slightly lower during early morning trading on Tuesday after the major averages closed at records, boosted by strength in infrastructure stocks.
 
The Nasdaq Composite ticked up 0.07% at 15,982.36. The tech-heavy index registered its 44th record close of 2021.

Key inflation data will be reported this week, with the producer price index reading coming on Tuesday, followed by the consumer price index on Wednesday.

Economists surveyed by Dow Jones are expecting producer prices to have risen 0.6% month over month in October. The consumer price index is also expected to show a 0.6% jump compared to the prior month.

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

Plan A : Long if market supported firm above 16337. Targets are 16368, 16399 and 16431.
 
Plan B : Short if market failed to support above 16337. Targets are 16299, 16255 and 16211.
 
 
 
HSI
 
Hong Kong shares finished lower on Monday, dragged down by tech giants and healthcare stocks, with COVID-19 vaccine-related stocks slumping after Pfizer's advancement in coronavirus medicine.
 

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

 

Plan A : Remain sell as long as market stays below 25027. Targets are 24721 and 24505.

 
Plan B : Consider long if market trades firmly above 24757 and rebound. Targets are 24950 and 25056.
 
 
 
WTI Crude
 
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand and the United States said it was weighing options to address high prices.
 

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

 

Plan A : Attempt short if oil price fails to breach and stay firm above 82.1. Targets are 81.5 and 80.9.

Plan B : Consider long if oil price trades firmly above 80.9 and rebound. Targets are 81.5 and 82.1.


 
 
Gold
 
Gold rose more than 1% on Friday to a near two-month hig as major central banks' dovish tone on interest rates this week lifted the demand for the safe-haven metal.
 

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

 

Plan A : Remain buy as long as gold price trades firmly above 1819.1. Targets are 1830 and 1842.2.

 
Plan B : Consider short if gold price fails to hold firm above 1819.1. Targets are 1800.5 and 1795.3
 
 
 

 

 

 

 
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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