31 May 2023 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. Follow us 

on FB for more updates.

Click here to contact us: https://goo.gl/B6Dccf 

E-Mini Dow

Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.

Plan A: Remain long as long as market trades above 32910. Targets are 33203 and 33398.

Plan B: Consider short if market stays below 32910. Targets are 32813 and 32715.

E-Mini S&P 500

The Dow Jones Industrial Average fell on Tuesday as Wall Street considered the likelihood of Congress passing a tentative deal on raising the U.S. debt ceiling.

The 30-stock index lost 50.56 points, or 0.15%, to end at 33,042.78. The S&P 500 eked out a 0.002% gain to close at 4,205.52, after trading both above and below the flatline during the session.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your May subscription.

Plan A: Short if market failed to support above 4205. Targets are 4182 and 4175.

Plan B: Long if market supported firm above 4205. Targets are 4218 and 4236.

E-Mini Nasdaq

The Nasdaq Composite added 0.32% to finish at 13,017.43, paring gains after trading up as much as 1.4% earlier in the day.

President Joe Biden and House Majority Leader Kevin McCarthy reached an agreement to raise the debt ceiling and avoid a default over the weekend, with Congress set to vote on the legislation as early as Wednesday. Both Republican and Democratic support is needed for the proposed bill to pass.

The agreement comes just days before the so-called X date on Monday, which is the earliest date the Treasury Department has signaled the U.S. could default on debt obligations. The long negotiations between the White House and congressional leaders raised concern among investors that a default could take place. Despite the tentative agreement, obstacles remain on the path to passage for the compromise bill in the House amid growing opposition within the GOP.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your May subscription.

Plan A: Short if market failed to support above 12975. Targets are 12942 and 12913.

Plan B: Long if market retraced but supported firm above 12975. Targets are 13027 and 13069.

HSI

Hong Kong stocks finished slightly higher on Tuesday after four days of big losses, but traders remain on edge over the weak Chinese economic recovery and as US lawmakers prepare to vote on a bill to avert a default.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.

Plan A: Remain short if the market stays below 18750. Targets are 18125 and 17813.

Plan B: Consider long only if the market stays above 18750. Targets are 19063 and 19375.

WTI Crude

crude oil closed under US$70.00 for the first time in more than three weeks on Tuesday on worries over the weekend deal on raising the country's debt ceiling will have a rocky passage through the House and Senate, while traders await this weekend's OPEC+ ministerial meeting .

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.

Plan A: Remain short as long as oil price stays below 71.88. Targets are 68.75 and 67.97.

Plan B: Consider long only if oil price stays above 71.88. Targets are 72.66 and 73.44.

Gold

Gold bounced back from early losses on Tuesday, as the dollar pulled back and Treasury yields slid on wider market optimism about the U.S. debt ceiling deal.

To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jun subscription.

Plan A: Remain long as long as gold price stays above 1960.9. Targets are 1984.4 and 1992.2.

Plan B: Attempts short only if gold price stays below 1960.9. Targets are 1953.1 and 1945.3.

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.