8 Dec 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

The US market was mixed overnight with the Dow ending flat while the S&P and Nasdaq declined as investors await the jobless claims data later today. Earlier, European stocks declined over renewed fears of a global recession.

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

Plan A: Remain short as long as market trades below 33984. Targets are 33398 and 33301.

Plan B: Consider long if market stays above 33984. Targets are 34180 and 34375.

E-Mini S&P 500

The S&P 500 fell for a fifth day as traders weighed the possibility of a recession, and the likelihood of a longer-than-expected hiking cycle from the Federal Reserve.

The S&P slipped 0.19% to end the session at 3,933.92. The Dow Jones Industrial Average eked out a gain of 1.58 points, roughly flat, to finish the session at 33,597.92. The Nasdaq Composite fell 0.51% to end at 10,958.55.

Bond yields also fell, with the rate on the  10-year Treasury note at one point touching a low of 3.402%.

Stocks wavered between gains and losses in choppy trading, with the S&P rising as much as 0.41%. At its lows, the benchmark index fell 0.47%.

Investors await more economic data this week for clues on what to expect from the Fed, with jobless claims data due out Thursday. November’s producer price index and preliminary consumer sentiment data for December are slated for Friday.

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

Plan A: Long if market retraced but supported firm above 3895. Targets are 3912 and 3928.

Plan B: Short if market failed to support above 3895. Targets are 3878 and 3860.

E-Mini Nasdaq

U.S. stock futures were down slightly on Thursday morning following a fifth straight day of losses for the S&P 500 as Wall Street weighed the likelihood of a recession.

Dow Jones Industrial Average futures shed 20 points, or 0.06%. S&P 500 futures lost 0.11%, while Nasdaq 100 futures were 0.18% lower.

The Federal Reserve is expected to issue a 50 basis point interest rate hike next week. It’s a smaller increase than the prior four rate hikes. Still, investors are increasingly concerned whether the central bank can avoid a recession next year in its attempt to squash inflation.

On the economic front, investors are awaiting the latest data on weekly jobless claims before the bell on Thursday. Economists polled by Dow Jones are anticipating a reading of 230,000, up slightly from the prior week’s total of 225,000.

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

Plan A: Short if market failed to support above 11490. Targets are 11438 and 11387.

Plan B: Long if market supported firm above 11490. Targets are 11541 and 11599.

HSI

Hong Kong stocks saw sharp declines, leading losses in the Asia-Pacific after China announced further easing of Covid measures, a move that was widely expected. Airline stocks maintained some gains, while casinos and technology-related stocks fell into negative territory shortly after the announcement.

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

Plan A: Remain short if the market stays below 19375. Targets are 18750 and 18438.

Plan B: Consider long only if the market stays above 19375. Targets are 19844 and 20156.

WTI Crude

The price of oil fell to its lowest level this year on Wednesday, forfeiting all of the gains since Russia’s invasion of Ukraine exacerbated the worst global energy supply crisis in decades.

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

Plan A: Remain short as long as oil price stays below 75. Targets are 71.88 and 70.31.

Plan B: Consider long only if oil price stays above 75. Targets are 76.56 and 78.13.

Gold

Gold rose more than 1% on Wednesday, supported by a retreat in the dollar and U.S. bond yields as investors anticipate slower rate hikes from the Federal Reserve at its policy meeting next week.

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

Plan A: Remain long as long as gold price stays above 1781.3. Targets are 1804.7 and 1812.5.

Plan B: Attempts short only if gold price stays below 1781.3. Targets are 1773.4 and 1765.6.

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.