Monday, July 12, 2021

13 July 2021 Foreign

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


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E-Mini Dow


Wall Street's main indexes closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter season and a batch of economic data.

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Plan A : Remain buy as long as market trades firmly above 34610. Targets are 34796 and 34909.

Plan B : Consider short only if market surges but fails to breach above 34909. Targets are 34796 and 34610.



HSI

Hong Kong stocks closed higher on Monday, boosted by Beijing's decision to lower bank's reserve requirements to prop up the economy, while gains in the regional peers also lent support.

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Plan A : Remain buy as long as market trades firmly above 27519. Targets are 27666 and 27711.

Plan B : Consider short only if market surges but fails to breach above 27711. Targets are 27666 and 27519.


WTI Crude

Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.

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Plan A : Remain buy as long as oil prices stay firm above 74.3. Targets are 74.9 and 75.8.

Plan B : Consider short if oil price recovers but fails to breach above 74.9. Targets are 74.3 and 73.8.



Gold

Gold fell on Monday in step with a stronger dollar as investors cautiously looked forward to U.S. inflation data that could influence the Federal Reserve's timeline for easing its bond purchases.

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Plan A : Remain buy as long as gold price stays firm above 1794.8. Targets are 1810 and 1823.4.

Plan B : Consider short only if gold price surges but fails to breach above 1823.4. Targets are 1810 and 1794.8.




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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                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...