Sunday, March 28, 2021

29 March 2021 Foreign

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


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E-Mini Dow


The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest life as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.

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Plan A : Attempt short if market trades below 32945. Targets are 32686 and 32565.

Plan B : Consider long only if market supported firmly above 32686 and rebound. Targets are 32945 and 33050.


E-Mini S&P 500

U.S. market leaped higher with S&P 500 closed at historical high benefited from a successful economic reopening outperformed again.

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Plan A : Long if market supported firm above 3926. Targets are 3962 and 3972.

Plan B : Short if market surges but fails to breach above 3962. Targets are 3942 and 3926.


E-Mini Nasdaq


The Nasdaq ended higher on Friday as less popular tech shares advanced, but the composite index posted its second weekly decline in a row.

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Plan A : Long if market supported firm above 12800. Targets are 12887, 12969 and 13021.

Plan B : Short if market surges but fails to breach above 12969. Targets are 12887 and 12805.



HSI

Hong Kong's Hang Seng Index ended higher on Friday supported by gains in technology companies, but rising tensions between the West and China led the benchmark index to post losses for the week.

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Plan A : Remain buy as long as market stays firm above 28118. Targets are 28380 and 28539.

Plan B : Consider short only if market rebounds but fails to breach above 28539. Targets are 28380 and 28118.



WTI Crude

Oil prices bounced back on Friday from a plunge a day earlier on concerns that a large container ship that ran aground in the Suez Canal may block the vital shipping lane for weeks, squeezing supply.

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Plan A : Attempt buy if oil price trades firmly above 59.8. Targets are 61.4 and 62.6

Plan B : Consider short only if oil price surges but fails to breach above 61.4. Targets are 60.8 and 59.8



Gold

Gold prices edged up slightly on Friday but a stronger dollar and a rise in U.S. Treasury yields still put the metal on course for its first weekly decline in three.

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Plan A : Remain buy as long as market trades firmly above 1714.2. Targets are 1752.4 and 1776.

Plan B : Consider short only if gold price surges but fails to breach above 1752.4. Targets are 1728 and 1714.2



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...