Wednesday, June 30, 2021

01 July 2021 Foreign

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


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E-Mini Dow


The S&P 500 nabbed its fifth straight record closing high on Wednesday while Dow gained 210-points as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday's highly anticipated employment report.

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Plan A : Remain buy as long as market trades firmly above 34284. Targets are 34526 and 34733.

Plan B : Consider short only if market surges but fails to breach above 34526. Targets are 34362 and 34284.


HSI

Hong Kong stocks slipped on Wednesday, as energy and IT firms retreated after subdued Chinese factory activity data, but they posted quarterly gains.

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Plan A : Attempt sell if market recovers but fails to breach above 28900. Targets are 28744 and 28540.

Plan B : Consider long only if market trades resiliently above 28540 and rebound. Targets are 28744 and 28900.



WTI Crude

Oil prices rose on Wednesday, heading for monthly and quarterly gains, after data showed U.S. crude stockpiles were shrinking and an OPEC report foresaw an undersupplied market this year.

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Plan A : Remain buy as long as oil price trades resiliently above 72.8. Targets are 73.6 and 74.3.

Plan B : Consider short only if oil price fails to breach above 73.6. Targets are 72.8 and 71.9.



Gold

Gold nudged up on Wednesday but was headed for its largest monthly decline since November 2016, as investors were wary ahead of the upcoming U.S. jobs data that could intensify fears over the U.S. Federal Reserve easing its asset purchases.

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Plan A : Attempt buy if gold price trades resiliently above 1766.1. Targets are 1774 and 1780.

Plan B : Consider short if gold price recovers but fails to breach above 1774. Targets are 1766.1 and 1750




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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29 April 2024 Foreign

                WTI Crude, Gold, HSI, Dow,  S&P 500 and Nasdaq If you like what we are doing, kindly like and share our page on FB. Foll...