Sunday, June 30, 2019

01 July 2019 Foreign

FUTURESCOIN IS GOING GLOBAL TODAY

WTI Crude, S&P, Gold and Dow

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E-Mini S&P 500

U.S. stock futures surged on Sunday night after the U.S. and China agreed to hold off on slapping additional tariffs on their products in an effort to resume trade talks. 

Those gains prime Wall Street to start the second half of the year with a bang following a big first half. The S&P 500 rallied more than 17% to start off 2019, notching its best first half in more than 20 years.

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Plan A : Buy if market supported firm above 2973.50. Targets are 2980.25 and 2985.50.
Plan B : Sell if market failed to support above 2973.50. Targets are 2966.25 and 2960.75.
Plan C : Above 2976.50, no fresh position.
Plan D : Below 2970.50, no fresh position.




E-Mini Dow

U.S. futures rose on Friday, as the G20 meeting kicked off in Japan and investors remain focused on planned talks on the sidelines during the last trading day of the month and quarter.

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Plan A : Continue to long as long as market stays above 26581
Plan B : Cut below 26573. Targets at 26595 & 26610
Plan C : Consider to short if market breaks below 26573
Plan D : Cut above 26581. Targets at 26563 and 26551



WTI Crude


Oil prices retreated just before the settlement on Friday after the remaining parties to Iran nuclear deal vowed to help normalize trade with Middle Eastern nation.


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Plan A : Attempt selling if oil price fails to breach above hold firm above 59.90

Plan B : Cut above 60.64
Plan C : Consider buying if oil price stays firm above 59.01
Plan D : Cut below 57.75



Gold


Gold prices edged up on Friday on doubts that the highly anticipated meeting between the United States and China would ease trade tensions, driving bullion to its best month in three-years. However, after Trump and Xi agreed not to impose more tariffs, gold prices tumbled below $1,400 level.


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Plan A : Attempt buying after market corrected, possibly around 1381.3 level

Plan B : Cut below 1377
Plan C : Consider selling if gold price recovers but fails to breach above 1400
Plan D : Cut above 1409




Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters 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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