Monday, September 16, 2019

17 September 2019 Foreign

FUTURESCOIN IS GOING GLOBAL TODAY


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

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E-Mini Dow

U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East.

At 7:04 a.m. ET, Dow e-minis were down 113 points, or 0.42%.

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Plan A : Attempt selling if market stays below 27085
Plan B : Cut above 27115
Plan C : Consider buying if market stays firm above 27099
Plan D : Cut below 27065


E-Mini S&P 500


Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth. The weekend attacks on Saudi oil infrastructure came as a resilient stock market already faced a test of how long it could remain in an uncommon “sweet spot.”

This level started in the bitterness of an August market when investors were given a taste of recession worries crystallized by a relentless drop in Treasury-bond yields.

The S&P 500 pulled back 0.31%, or -9.43 points to close at 2,997.96. 

In the past few weeks, though, the S&P 500 has waged a steep 6% rally, pulling within 1% of its late-July record high by Friday’s close, driven by the furious reversal of an overdone “fear trade” in August.

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Plan A : Sell if market failed to support above 2995.25. Targets are 2980.75, 2969.50 and 2958.25.

Plan B : Buy only if market retraced but supported firm above 2979.50. Targets are 2994.50, 3005.25 and 3012.75.


E-Mini Nasdaq

The big surge in oil prices was the talk of the town, as the Saudi Arabia attacks create a massive disruption to crude oil production, had energy stocks soaring, but sparked uncertainty over the impact to the global economy.

The Nasdaq Composite Index finished in the red, as Wall Street prepares for the start of the Fed meeting tomorrow. 
The Nasdaq Composite fell 23.17 points, or 0.28%, to close at 8153.54.

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

Plan A : Sell if market failed to support above 7844.25. Targets are 7803.75, 7775.25 and 7746.50.

Plan B : Buy if market retraced but supported firm above 7714.50. Targets are 7754.25, 7785.50 and 7815.75.


HSI

Hong Kong stocks fell on Monday following clashes and protests over the weekend and as data showed China’s economic slowdown deepened amid a bruising trade war with the United States. 

The Hang Seng index fell 0.8%, to 27,124.55.

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

Plan A : Above 27179, do nothing
Plan B : Below 26715, do nothing
Plan C : Attempt buying if market tested and rebounds from 26872
Plan D : Cut below 26794
Plan E : Consider selling if market stays below 27083
Plan F : Cut above 27179



WTI Crude

Oil prices soared after a coordinated attack hit the heart of Saudi Arabia's oil industry on Saturday, forcing the kingdom to cut its oil output in half. 

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

Plan A : Remain buy as long as oil price stays firm above 60.9
Plan B : Exit below 60.4
Plan C : Consider selling if oil price surges but fails to breach above 63.3
Plan D : Cut above 63.8


Gold

Gold prices jumped more than 1% on Monday as investors fled to safe-haven assets after an attack on Saudi oil facilities raised concerns over global energy supply and ratcheted tensions in the Middle East.

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

Plan A : Remain buy as long as gold price stays firm above 1492.2
Plan B : Cut below 1488.6
Plan C : Consider selling if gold price surges but fails to breach above 1502
Plan D : Cut above 1510



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.

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