8 Feb 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 rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank may need to tame inflation.

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

Plan A: Remain long as long as market trades above 33984. Targets are 34180 and 34277.

Plan B: Consider short if market stays below 33984. Targets are 33887 and 33789.

E-Mini S&P 500

The Dow Jones Industrial Average lost 34.99 points, or 0.1%, to end at 33,891.02. The 30-stock index made up some ground after losing more than 240 points earlier in the session. The S&P 500 slid 0.61% to close at 4,111.08. 

Investors were taking some profits after the stock market’s hot start to the year. The S&P 500 is up more than 7% for 2023, while the Nasdaq Composite has advanced for the last five weeks, a streak not seen since November 2021.

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

Plan A: Short if market failed to support above 4168. Targets are 4153 and 4140.

Plan B: Long if market supported firm above 4168. Targets are 4175 and 4188.

E-Mini Nasdaq

U.S. stocks fell Monday, led downward by the tech-heavy Nasdaq Composite, as investors grew increasingly cautious of rising bond yields.

Treasury bond yields rose, with the benchmark 10-year yield up by nearly 11 basis points at 3.64% and the 2-year yield adding around 18 basis points to 4.48%. The ICE U.S. Dollar Index rose as much as 0.76% Monday, further contributing to the decline in stocks.

Investors will also watch Tuesday for Federal Reserve Chairman Jerome Powell’s remarks before the Economic Club of Washington. Last week, Powell’s comments on disinflation caused investors to bid shares higher and overlook another rate hike out of the central bank.

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

Plan A: Long if market retraced but supported firm above 12750. Targets are 12782 and 12815.

Plan B: Short if market failed to support above 12750. Targets are 12717 and 12683.

HSI

Hong Kong share market finished session higher on Tuesday, 07 February 2023, snapping three days losing streak, as traders chased for bargain buying on heavily battered stocks amid hopes for a de-escalation in Sino-U. S. tensions.

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

Plan A: Remain short if the market stays below 21563. Targets are 21094 and 20938.

Plan B: Consider long only if the market stays above  21563. Targets are 21719 and 21875.

WTI Crude

crude oil closed up 4.1% on Tuesday, climbing on lower supply following the closure of a major export terminal in Turkey following the massive earthquake that struck the country early on Monday and a higher forecast for Chinese demand from the Energy Information Administration (EIA).

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

Plan A: Remain long as long as oil price stays above 75. Targets are 78.13 and 79.69.

Plan B: Consider short only if oil price stays below 75. Targets are 74.22 and 72.66.

Gold

Gold traded higher early on Tuesday as the precious metal continues to buck a rising dollar for a second day while investors await comment from the head of the Federal Reserve on the central bank's course following last week's unexpectedly strong January jobs report.

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

Plan A: Remain short as long as gold price stays below 1906.3. Targets are 1875 and 1859.4.

Plan B: Attempts long only if gold price stays above 1906.3. Targets are 1921.9 and 1937.5.

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.