Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 10 November 2021

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

 
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E-Mini Dow

 
Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.
 

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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 lower Tuesday for the first time in nine sessions as investors took some profits after an October rally and awaited key inflation data ahead.

The broad equity index retreated nearly 0.4% to 4,685.25. The S&P 500 on Monday posted its 64th record close of the year and eighth straight positive day — its longest winning streak since April 2019.

The October producer price index increased 0.6% month over month, the Labor Department said Tuesday, in line with the Dow Jones consensus estimate. Still, wholesale prices jumped 8.6% in October from a year ago, the hottest annual pace on record in nearly 11 years.
 

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Plan A : Long if market supported firm above 4679. Targets are 4690, 4700 and 4711.
 
Plan B : Short if market failed to support above 4679. Targets are 4664, 4645 and 4631.
 


E-Mini Nasdaq

U.S. equity futures were lower on Tuesday night as investors await key data on Wednesday that’ll be the next big indicator of how much rising price pressures are accelerating.

The Nasdaq Composite ticked down 0.6% to 15,886.54.

Investors are holding their breath for the latest consumer price index reading, which the Labor Department will report Wednesday before the bell. Economists expect a 0.6% increase, or a year-over-year gain of nearly 6%, which would be the most in 30 years. They expect core CPI, which excludes food and energy and is the Federal Reserve’s preferred measure of inflation, to have risen 0.4%, or 4.3% year-over-year.

Weekly jobless claims and mortgage applications to purchase a home are also due out Wednesday.

 
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 16225. Targets are 16255, 16288 and 16320.

 
Plan B : Short if market failed to support above 16225. Targets are 16185, 16140 and 16099.
 
 
 
WTI Crude
 
Oil rose to around $84 a barrel on Tuesday, gaining for a third session, as the U.S. lifting of travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook, while supply remained tight.
 
 
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 oil price trades firmly above 82.4. Targets are 84.9 and 85.4.

Plan B : Consider short if oil price surges but fails to breach above 85.4. Targets are 84.4 and 82.4.

 
 
Gold
 
Gold prices climbed to their highest level since early September on Tuesday in tandem with a softer dollar, as investors awaited U.S. inflation data scheduled for later in the week.
 

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 surges but fails to breach above 1842.2. Targets are 1830 and 1819.1
 
 

 

 

 

 
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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