Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 11 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 ended the session in negative territory on Wednesday as investor risk appetite was curbed by surging consumer prices, which stoked worries of a protracted wave of hot inflation.
 

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Plan A : Attempt sell if market trades below 36028. Targets are 35910 and 35770.
 
Plan B : Consider long if market supports above 35910 and rebound. Targets are 36028 and 36255.


 
E-Mini S&P 500

Stocks retreated Wednesday after October’s consumer price reading showing the biggest annual jump in more than 30 years, triggering a spike in bond yields.

The S&P 500 fell 0.8% to 4,646.71. 

The yield on the benchmark 10-year Treasury, which had trended lower in recent weeks, jumped by about 11 basis points Wednesday after the CPI reading. (1 basis point is 0.01 percentage points.) A poor auction in 30-year bonds that afternoon added steam to the spike.

The consumer price index jumped 6.2% from a year ago, well above the 5.9% estimate from economists polled by Dow Jones and the largest annual increase since 1990. On a monthly basis, the CPI increased 0.9% against the 0.6% estimate. The CPI is a basket of products ranging from gasoline and health care to groceries and rents.
 

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Plan A : Long if market supported firm above 4655. Targets are 4667, 4676 and 4690.
 
Plan B : Short if market failed to support above 4655. Targets are 4640, 4621 and 4608.
 
 
 
E-Mini Nasdaq

U.S. stock futures were little changed in early morning trading on Thursday following a tech-driven sell-off on Wall Street.


The tech-heavy Nasdaq Composite dropped nearly 1.7% to 15,622.71.

The Nasdaq Composite was the relative under-performer, dipping 1.7% as Facebook-parent Meta Platforms, Amazon, Apple, Netflix, Microsoft and Google-parent Alphabet all closed lower.

Persistent inflation data was released on Wednesday. The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% in October from a year ago, its highest level in three decades. On a monthly basis, the CPI increased 0.9% against the 0.6% estimate. 
 

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 16020. Targets are 16051, 16083 and 16112.
 
Plan B : Short if market failed to support above 16020. Targets are 15978, 15933 and 15895.
 

 
HSI
 
Hong Kong shares finished up on Wednesday, led by real estate firms and tech giants, as investors bought the dip after mainland developers dropped nearly 20% and bet policies to be eased in the sector.
 

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 edged lower after U.S. crude stocks rose modestly, one day after an industry report suggested stocks had tightened.
 

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 sell if oil price trades below 82.1. Targets are 81.4 and 80.2.

Plan B : Consider long if oil price trades resiliently above 81.4. Targets are 82.1 and 83.4.


 
 
Gold
 
Oil prices edged lower after U.S. crude stocks rose modestly, one day after an industry report suggested stocks had tightened.
 

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 1842.2. Targets are 1870 and 1879.5.
 

Plan B : Consider short if gold price surges but fails to breach above 1879.5. Targets are 1842.2 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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