26 Sep 2022 Foreign

 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. Follow us 

on FB for more updates.

Click here to contact us: https://goo.gl/B6Dccf 

E-Mini Dow

Wall Street's main indexes slumped to close well down on Friday, as rattled investors continued repositioning themselves to reflect fears the U.S. Federal Reserve's hawkish rate policy to curb inflation will push the American economy into recession.

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

Plan A: Remain short as long as market trades below 30078. Targets are 29297 and 28906.

Plan B: Consider long if market stays above 30078. Targets are 30273 and 30469.

E-Mini S&P 500

Stocks tumbled Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened fears of a global recession.

The S&P 500 slid 1.72% to 3,693.23.

Investors are mentally preparing to see the S&P 500 test its low of the year, and that could mean a shorter-term bottom, according to Truist’s chief market strategist Keith Lerner.

Investors were reacting to the Federal Reserve’s commitment to its rate hiking plan to help tame inflation. At the conclusion of the FOMC meeting, chair Jerome Powell said the central bank could raise rates as high as 4.6% before pulling back. The forecast also shows the Fed plans to stay aggressive this year, hiking rates to 4.4% before 2022 ends.

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

Plan A : Short if market failed to support above 3665. Targets are 3655 and 3640.

Plan B : Long if market retraced but supported firm above 3665. Targets are 3673 and 3688.

E-Mini Nasdaq

U.S. equity futures were lower Monday morning after surging interest rates and foreign currency turmoil pushed the major averages to near their lows of the year.

The tech-heavy Nasdaq Composite lost 1.8%.

Bond yields soared after the Fed enacted another rate hike of 75 basis points. The 2-year and 10-year Treasury rates hit highs not seen in over a decade. On Friday, Goldman Sachs slashed its year-end target for the S&P 500 to 3,600 from 4,300.

Looking ahead, traders are anticipating the release of personal consumption expenditures data, the Fed’s preferred inflation gauge, on Friday. Durable goods and consumer sentiment numbers will also come out this week.

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

Plan A : Short only if market failed to support above 11224. Targets are 11192 and 11167.

Plan B : Long if market retraced but supported firm above 11224. Targets are 11259 and 11288.

HSI

Asia-Pacific shares fell on Friday as investors continue to weigh the Federal Reserve’s aggressive stance.

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

Plan A: Remain short if the market stays below 17969. Targets are 17656 and 17500.

Plan B: Consider long only if the market stays above 17969. Targets are 18125 and 18281.

WTI Crude

Oil prices plunged about 5% to an eight-month low on Friday as the U.S. dollar hit its strongest level in more than two decades and on fears rising interest rates will tip major economies into recession, cutting demand for oil.

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

Plan A: Remain short as long as oil price stays below 82.81. Targets are 78.13 and 76.56.

Plan B: Consider long only if oil price stays above 82.81. Targets are 84.38 and 85.94.

Gold

Gold prices dropped over 1.5% to their lowest since April 2020 on Friday, hurt by an unrelenting rally in the U.S. dollar and Treasury yields as the Federal Reserve adopts a more aggressive stance to check surging inflation.

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

Plan A: Remain short as long as gold price stays below 1664.1. Targets are 1640.6 and 1632.8.

Plan B: Attempts long only if gold price stays above 1664.1. Targets are 1671.9 and 1679.7.

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.