Sunday, October 13, 2019

14 October 2019 Foreign

FUTURESCOIN IS GOING GLOBAL

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

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E-Mini Dow

U.S. stock index futures rose strongly on Friday, as hopes grew for a partial trade deal and a delay in scheduled U.S. tariff increases, as top negotiators from the United States and China geared up to meet for a second day of talks.

Early market action showed Wall Street’s three main indexes were headed for their third straight day of gains, after ending the previous session on optimism that the two sides could cool off their row before more U.S. tariffs kick in next week.

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Plan A : Continue to hold long as long as market does not falls below 26738
Plan B : Cut below 26705
Plan C : Attempt to short if market stays below 26865
Plan D : Cut above 26901


E-Mini S&P 500

U.S. stocks rose sharply on Friday as hopes grew that the talk between President Donald Trump and Chinese Vice Premier Liu He would culminate in a partial trade deal and delay planned U.S. tariff increases. S&P 500 was up by 1.09%

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Plan A : Sell if market rebounded but resisted around 2984.0. Targets are 2977.0, 2967.50 and 2959.50.
Plan B : Buy if market retraced but supported firm above 2959.50. Targets are 2967.50, 2977.0 and 2984.0.


E-Mini Nasdaq

The Nasdaq composite gained 1.3% on Friday as investors expected top-level trade talks between the United States and China to result in a partial trade deal and delay planned U.S. tariff increases.

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Plan A : Sell if market failed to support above 7862.75. Targets are 7822.50, 7788.50 and 7728.50.
Plan B : Buy if market retraced but supported firm above 7788.50. Targets are 7822.50, 7862.75 and 7894.75.


HSI

Hong Kong stocks advanced on Friday, as investors cheered signs of progress in the ongoing Sino-U.S. trade talks. The Hang Seng index added 2.2%, to 26,271.36 points. Top U.S. and Chinese negotiators wrapped up a first day of trade talks in more than two months on Thursday as business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a U.S. tariff hike scheduled for next week.


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Plan A : Above 26760, do nothing
Plan B : Below 26263, do nothing
Plan C : Consider to short if market does not breach above 26674
Plan D : Cut above 26760
Plan E : Consider buying if market stays firm above 26506
Plan F : Cut below 25410


WTI Crude

Oil prices rose sharply on Friday morning after Iranian state media said that two rockets had struck an Iranian tanker travelling through the Red Sea.

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Plan A : Remain buy as long as oil price stays firm above 53.7
Plan B : Cut below 53.0
Plan C : Consider selling if oil price surges but fails to breach above 54.93
Plan D : Cut above 55.4

Gold 

Gold fell on Friday, and was en route its second biggest weekly decline this year, as easing concerns around the U.S.-China trade conflict and Britain's exit from the European Union renewed appetite for riskier assets.

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Plan A : Remain sell as long as gold price stays below 1490
Plan B : Cut above 1491
Plan C : Consider buying only if gold price supports resiliently above 1482.7
Plan D : Cut below 1479.2



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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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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