Wednesday, December 22, 2021

23 December 2021 Foreign

               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.

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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.

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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.



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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