FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
E-Mini Dow
U.S. stock index futures resumed their slide on Tuesday as gloomy quarterly earnings reports and a historic plunge in U.S. crude prices to below zero raised the specter of a deep global recession in the coming months.
Wall Street fell on Monday as WTI crude crashed to minus $40 for the first time in history as sweeping restrictions to contain the coronavirus hits oil demand. With nowhere to store the excess capacity, traders fled from contracts that would deliver barrels of oil to them in May.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
Plan A : Continue to hold short if market stays below 23095. Targets are 23060, 23020 and 22975.
Plan B : Cut above 23130.
Plan C : Long if market rebounds from 23095. Targets are 23135 and 23190.
Plan D : Cut below 23060.
Plan D : Cut below 23060.
E-Mini S&P 500
U.S. stocks fell sharply once again on Tuesday as oil prices continued their unprecedented wipeout, further denting market sentiment and dampening the global economic outlook.
The Dow slid 631.56 points, or more than 2.6%, to close at 23,018.88. Tuesday’s losses brought the Dow’s two-day decline to more than 1,200 points. The S&P 500 dropped 2.7% to 2,736.56 while the Nasdaq Composite fell 3.5% to 8,263.23.
Traders were focused on the strange happenings with oil futures once again, which raised concern about deep losses for the energy industry hitting the U.S. economy even further. The June contract for West Texas Intermediate cratered 43.4% to $11.57 per barrel on Tuesday.
That sharp decline came a day after the May contract — which expired on Tuesday — went to an actual negative price, meaning traders would pay for someone to take the oil off their hands. The bizarre move had to do with the fact that because of the coronavirus shutdowns, big buyers of oil like refineries don’t need any more oil because their tanks are nearly filled. That May contract clawed back into the black on Tuesday.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
Plan A : Short if market failed to support above 2769.25. Targets are 2744.25, 2720.25 and 2702.50.
Plan B : Long if market doesn't retrace much but supported firm above 2769.25. Targets are 2794.25, 2815.50 and 2836.50.
Plan B : Long if market doesn't retrace much but supported firm above 2769.25. Targets are 2794.25, 2815.50 and 2836.50.
E-Mini Nasdaq
U.S. stock futures in early morning trade pointed to gains at the open on Wednesday, following recent weakness in markets aggravated by oil’s massive decline.
Dow futures rose 206 points, indicating a gain of about 228 at the Wednesday open. Futures for the S&P 500 Nasdaq-100 also pointed to modest opening gains for the two indexes on Wednesday.
Helping sentiment, Senate Republicans and Democrats passed on Tuesday evening a $484 billion coronavirus relief package for small businesses, hospitals and testing. The House could approve the bill as early as Thursday.
The S&P 500 experienced sharp declines, falling more than 3%. The tech heavy Nasdaq Composite fell about 3.5%, its worst daily performance since April 1.
The market’s sell-off this week came beside massive losses in the oil market due to the evaporation of demand. Oil prices are tanking and spreading to more futures contracts, worrying investors about the deep economic damage being done by the coronavirus shutdowns.
Plan A : Short if market failed to support above 8519.50. Targets are 8480.25, 8445.75 and 8416.25.
Plan B : Long if market doesn't retrace much and supported firm above 8519.50. Targets are 8559.25, 8587.50 and 8619.25.
Plan B : Long if market doesn't retrace much and supported firm above 8519.50. Targets are 8559.25, 8587.50 and 8619.25.
HSI
HSI
Hong Kong shares fell the most in nearly one month on Tuesday, as the U.S. crude futures’ historic plunge overnight prompted investors to stay away from riskier assets.
At the close of trade, the Hang Seng index was down 536.47 points, or 2.2%, at 23,793.55, its lowest closing level since April 6.
Hong Kong shares fell the most in nearly one month on Tuesday, as the U.S. crude futures’ historic plunge overnight prompted investors to stay away from riskier assets.
At the close of trade, the Hang Seng index was down 536.47 points, or 2.2%, at 23,793.55, its lowest closing level since April 6.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
Plan A : Continue to hold short if market stays below 23255. Targets are 23175 and 23080. Cut above 23330.
Plan B : Long if market tested and rebounds from 23255. Targets are 23340 and 23425. Cut below 23180.
WTI Crude
West Texas Intermediate crude futures for May delivery pared losses to trade in positive territory on Tuesday, one day after plunging below zero for the first time in history. The contract expired yesterday, which means that thin trading volume has contributed to the wild price action. The contract for June delivery, which is the more actively traded contract and therefore a better indication of how Wall Street views the price of oil, slipped 43.47% to settle at $11.57 per barrel.
WTI Crude
West Texas Intermediate crude futures for May delivery pared losses to trade in positive territory on Tuesday, one day after plunging below zero for the first time in history. The contract expired yesterday, which means that thin trading volume has contributed to the wild price action. The contract for June delivery, which is the more actively traded contract and therefore a better indication of how Wall Street views the price of oil, slipped 43.47% to settle at $11.57 per barrel.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
Plan A : Attempt buying only if oil price trades firmly above 13.4
Plan B : Cut below 13.0
Plan C : Consider selling if oil price recovers but fails to breach above 14.2
Plan D : Cut above 14.9
Gold
Gold prices dropped nearly 2% to a near two-week low on Tuesday as investors scuttled for cash to cover losses in other asset classes mainly driven by a crash in oil markets as the coronavirus wrecks economies.
Plan A : Attempt buying only if oil price trades firmly above 13.4
Plan B : Cut below 13.0
Plan C : Consider selling if oil price recovers but fails to breach above 14.2
Plan D : Cut above 14.9
Gold
Gold prices dropped nearly 2% to a near two-week low on Tuesday as investors scuttled for cash to cover losses in other asset classes mainly driven by a crash in oil markets as the coronavirus wrecks economies.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for May subscription.
Plan A : Attempt selling as long as gold price stays below 1709
Plan B : Cut above 1718
Plan C : Consider buying if gold price trades resiliently above 1701
Plan D : Cut below 1691
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.
Plan B : Cut above 1718
Plan C : Consider buying if gold price trades resiliently above 1701
Plan D : Cut below 1691
No comments:
Post a Comment