16 Jan 2023 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

U.S. stocks finished higher and registered a second straight week of gains on Friday, with shares of JPMorgan Chase and other banks rising following their fourth-quarter results, which kicked off the earnings season.

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

Plan A: Remain long as long as market trades above 33984. Targets are 34473 and 34570.

Plan B: Consider short if market stays below 33984. Targets are 33789 and 33594.

E-Mini S&P 500

Stocks rose Friday as investors digested bank earnings and bet inflation would ease in 2023.

Bank earnings weighed on equities to start the day, but sentiment reversed as investors appeared to shrug off negative news that was expected to some degree, according to Ross Mayfield, investment strategy analyst at Baird.

That followed December’s CPI report, released Thursday, which showed prices declined 0.1% over November. While prices rose at a 6.5% pace compared to the previous year, the results heightened hopes that the Federal Reserve may soon slow its hiking.

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

Plan A: Short if market failed to support above 3978. Targets are 3960 and 3941.

Plan B: Long only if market supported firm above 3978. Targets are 3995 and 4011.

E-Mini Nasdaq

All of the major indexes fought their way into the green after beginning the day deep in the red. The Dow Jones Industrial Average rose 112.64 points, or 0.33%, to 34,302.61. The S&P 500 rose 0.40% to 3,999.09, and the Nasdaq Composite advanced 0.71% to 11,079.16.

In economic data, the University of Michigan consumer sentiment survey showed the one-year inflation outlook down to 4%, the third straight monthly decrease and the lowest level since April 2021.

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

Plan A: Long if market supported firm above 11406. Targets are 11461 and 11510.

Plan B: Short if market failed to support above 11406. Targets are 11350 and 11298.

HSI

China's benchmark index on Friday closed at its highest in four months, as foreign investors continued to buy Chinese shares for an eighth session on optimism that the world's second-biggest economy was set for a robust recovery in a post-pandemic era.

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

Plan A: Remain long if the market stays above 21563. Targets are 21953 and 22031.

Plan B: Consider short only if the market stays below 21563. Targets are 21484 and 21406.

WTI Crude

crude oil closed higher for a seventh-straight day on Friday, spurred on hopes for renewed demand from China.

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

Plan A: Remain long as long as oil price stays above 77.34. Targets are 80.47 and 82.03.

Plan B: Consider short only if oil price stays below 77.34. Targets are 76.56 and 75.78.

Gold

Gold prices scaled an over eight-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.

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

Plan A: Remain long as long as gold price stays above 1890.6. Targets are 1929.7 and 1945.3.

Plan B: Attempts short only if gold price stays below 1890.6. Targets are 1875 and 1859.4.

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.