WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
U.S. stocks indexes closed broadly higher on Wednesday after investors cheered positive economic data and the White House said it was resuming talks on a massive social spending and climate change bill with a holdout senator.
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Plan A: Attempt long if market supports firmly above 35415. Targets are 35684 and 35952.
Plan B: Consider short if market recovers but fails to breach above 35684. Targets are 35477 and 35375.
HSI
Hong Kong shares rose on Wednesday with tech stocks gained, tracking a sharp rebound in sentiment for U.S. stocks overnight.
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Plan A: Remain buy as long as market trades firmly above 23070. Targets are 23250 and 23382.
Plan B : Consider short if market rebounds but fails to breach above 23382. Targets are 23250 and 23070.
WTI Crude
Oil prices rose on Wednesday on fears of tight supply and a drawdown in U.S. inventories, despite worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.
Plan B : Consider short if market rebounds but fails to breach above 23382. Targets are 23250 and 23070.
WTI Crude
Oil prices rose on Wednesday on fears of tight supply and a drawdown in U.S. inventories, despite worries about the likely hit to economic activity from the spread of the Omicron coronavirus variant.
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Plan A: Remain buy as long as oil price trades firmly above 71.3. Targets are 73.0 and 73.6.
Plan B : Consider short if oil price fails to breach above 73.6. Targets are 72.8 and 71.4.
Gold
Gold prices gained on Wednesday, aided by a retreat in the dollar and lingering fears that the Omicron coronavirus variant could throw a wrench in the global economic recovery.
Plan B : Consider short if oil price fails to breach above 73.6. Targets are 72.8 and 71.4.
Gold
Gold prices gained on Wednesday, aided by a retreat in the dollar and lingering fears that the Omicron coronavirus variant could throw a wrench in the global economic recovery.
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Plan A: Remain buy as long as gold price trades firmly above 1800.5. Targets are 1806 and 1813.2.
Plan B: Consider short if gold price rebounds but fails to breach above 1806. Targets are 1800.5 and 1796.4.
Plan B: Consider short if gold price rebounds but fails to breach above 1806. Targets are 1800.5 and 1796.4.
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