Wednesday, March 25, 2020

26 March 2020 Foreign

FUTURESCOIN IS GOING GLOBAL

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

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E-Mini Dow

U.S. stock index futures fell on Wednesday after a strong rebound in the previous session, as an imminent $2 trillion rescue package failed to completely allay investor concerns over the economic threat from the coronavirus pandemic.

After the White House and Senators agreed to the deal to aid businesses and millions of Americans hit by the health crisis, futures briefly surged but soon reversed course as traders said much of the stimulus had been priced into financial markets.

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Plan A : Attempt to short if market trades below 21341. Targets are 21305, 21265 and 21220.
Plan B : Cut above 21375.
Plan C : Consider to long only if market rebounds from 20315. Targets are 20350, 20390 and 20435.
Plan D : Cut below 20280.


HSI


Hong Kong stocks rose for a second session on Wednesday, hitting their highest in more than a week, as Washington moved closer to delivering trillions of dollars of stimulus to cushion the economic blow from the coronavirus outbreak.

The Hang Seng index closed up 3.8% at 23,527.19, having hit its highest level since March 16 during the session.

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Plan A : Short if market surge but does not breach above 24090. Targets are 24010 and 23925. Cut above 24175.

Plan B : Attempt to long if market trades firmly above 23867. Targets are 23985 and 24135. Cut below 23790.


WTI Crude

Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as United States is expected to approve a massive aid package to stem the economic impact of the coronavirus pandemic.

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Plan A : Remain buy as long as oil price stays firm above 24.1
Plan B : Cut below 23.8
Plan C : Consider selling if oil price surges but fails to breach above 25.2
Plan D : Cut above 25.8


Gold

Gold prices were volatile on Wednesday as markets responded to a $2 trillion U.S. government stimulus package to soften the economic damage of the coronavirus outbreak.

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Plan A : Attempt sell if gold price stays below 1624.3
Plan B : Cut above 1635.3
Plan C : Consider buying only if gold price able to support well above 1598
Plan D : Cut below 1591.3




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 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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