Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 16 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 indexes closed out Monday's session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft.
 

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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
 

U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers later in the week.

The S&P 500 was unchanged, ending the session at 4,682.80. 

The 10-year yield crossed over 1.6% and the 30-year touched the 2% mark. Tech stocks tend to fall as yields rise.
 
Stocks are coming off a losing week after last month’s consumer price index made its largest annual increase in more than three decades. The major averages snapped a five-week winning streak.
 

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Plan A : Long if market supported firm above 4689. Targets are 4701, 4712 and 4721.
 
Plan B : Short if market failed to support above 4689. Targets are 4673, 4658 and 4641.
 
 
 
E-Mini Nasdaq
 

U.S. stock index futures were little changed in early morning trading Tuesday, after the major averages started the week with muted moves as investors digested a jump in yields.

The tech-heavy Nasdaq lost 0.04%, falling to 15,853.85 as Treasury yields rose.

Stocks’ move came as interest rates rose, with the yield on the 10-year Treasury note topping 1.62% while the 30-bear Treasury bond rose above 2%.

Inflation fears are weighing on the market after last month’s consumer price index posted its largest annual increase in more than three decades. 

A slew of economic data will be released on Tuesday, including retail sales figures for October. Economists surveyed by Dow Jones are expecting sales to have jumped by 1.5% last month, compared with 0.7% in September. Industrial production numbers will also be released, as well as the NAHB housing market index survey.

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Plan A : Long if market supported firm above 16181. Targets are 16211, 16245 and 16278.
 
Plan B : Short if market failed to support above 16181. Targets are 16141, 16099 and 16058.

 
 
HSI
 
Hong Kong shares finished up on Monday driven by insurer AIA and tech giants. AIA jumped most in six weeks after its new business value rebounded from a pandemic slump.
 

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Plan A : Remain buy as long as market trades firmly above 25174. Targets are 25587 and 25705.
 

Plan B : Consider short if market surges but fails to breach above 25587. Targets are 25315 and 25174.
 
 
 
WTI Crude
 
Oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the recent surge in energy costs, the strong dollar and rising COVID-19 cases.
 

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Plan A : Remain sell as long as oil price stays below 81.7. Targets are 80.8 and 79.8.

Plan B : Consider long if oil price trades resiliently above 79.8. Targets are 80.8 and 81.7.

 
 
Gold
 
Gold prices pulled back after a seven-day rally on Monday after U.S. bond yields ticked up, although prices hovered around the five-month highs touched recently underpinned by inflation worries.
 

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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