Highlights

Where Futures Lies

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

 

Daily Futures Trading Strategy 18 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 day lower on worries that rising inflation could push the U.S. Federal Reserve to raise interest rates sooner than expected, an outlook that boosted gold.
 

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Plan A : Remain sell as long as market stays below 36028. Targets are 35799 and 35549.
 
Plan B : Consider long if market supports firmly above 35799 and rebound. Targets are 35899 and 36028.



E-Mini S&P 500

U.S. stocks took a dip on Wednesday as investors weighed a continuation of strong earnings reports from big-box retailers against lingering inflation concerns.

The S&P 500 slipped 0.2% to 4,688.67. 

The markets are coming off a more positive day in which all three of the major averages moved upward after economic data and corporate earnings signaled U.S. consumers are ramping up spending despite rising prices.

Bath & Body Works, Victoria’s Secret and Cisco Systems are also on deck.


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Plan A : Long if market supported firm above 4687. Targets are 4698, 4710 and 4721.
 
Plan B : Short if market failed to support above 4687. Targets are 4671, 4655 and 4639.
 
 

E-Mini Nasdaq

U.S. stock futures were flat in overnight trading after the major averages pulled back, albeit close to records, on Wednesday.

The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green. The tech-heavy Nasdaq led the major averages for the quarter, up about 10.1%.

Nvidia shares popped in extended trading after beating on the top and bottom lines of its quarterly results. Cisco Systems' stock went the other direction due to weaker revenue guidance and a revenue miss.

The Labor Department will report last week’s jobless claims data at 8:30 a.m. on Thursday. Economists polled by Dow Jones are expecting initial filings for unemployment insurance fell to 260,000 for the week ending November 13, from the previous week’s 267,000 claims.
 

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Plan A : Long if market supported firm above 16293. Targets are 16324, 16360 and 16391.

 
Plan B : Short if market failed to support above 16293. Targets are 16253, 16210 and 16169.
 
 
HSI
 
Hong Kong shares settled lower on Wednesday, weighed down by tech giants ahead of third-quarter earnings reports.

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Plan A : Attempt sell if market falls below 25590. Targets are 25430 and 25344.
 

Plan B : Consider long if market supports above 25344 and rebound. Targets are 25430 and 25590.
 
 
 
WTI Crude
 
Oil prices fell on Wednesday after the International Energy Agency and the Organization of the Petroleum Exporting Countries warned of impending oversupply and as COVID-19 cases in Europe increased the downside risks to demand recovery.


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 oil price stays below 79.8. Targets are 78.2 and 76.4.

Plan B : Consider long if oil price trades resiliently above 78.2 and rebound. Targets are 79.8 and 80.9.
 

 
 
Gold
 
Gold prices bounced on Wednesday as inflation worries pushed investors to the safe-haven metal, unfaced by the dollar's strength which was fueled by bets for early interest hikes by the U.S. Federal Reserve.


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 1852.2. Targets are 1870 and 1879.5.

 
Plan B : Consider short if gold price surges but fails to breach above 1879.5. Targets are 1852.2 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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