20 Apr 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

A choppy session ended with another flat finish on Wednesday. This continued the uncertain trading that has marked the past few weeks, as investors waited for a more definitive signal from the incoming corporate earnings reports.

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

Plan A: Remain short as long as market trades below 34131. Targets are 33936 and 33838.

Plan B: Consider long if market stays above 34131. Targets are 34180 and 34277.

E-Mini S&P 500

The S&P 500 finished little changed Wednesday as earnings season kicked into full swing and investors parsed the latest results from companies including Netflix and Morgan Stanley.

Investors have been closely monitoring the industry after bank failures last month spurred fears that contagion would spread.

Even so, the market response has been “fairly benign” to most of the economic and financial news coming in, said LPL Financial’s Quincy Krosby. Equities, she added, are in a “seesaw trade,” with winners and losers shifting by the day.

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

Plan A: Long if market supported firm above 4143. Targets are 4153 and 4171.

Plan B: Short if market failed to support above 4143. Targets are 4133 and 4118.

E-Mini Nasdaq

The Nasdaq Composite eked out a 0.03% gain to close at 12,157.23.

While many of the companies reporting in the last day topped analysts’ low-bar estimates, traders found something wrong within the results to send the stocks lower. A lack of forecasts from the major companies also left investors on edge, with the Federal Reserve set to raise interest rates again in a couple weeks and recession fears swirling.

So far this week, trading has been choppy as investors evaluate a rush of earnings. Wall Street this season is on the hunt for signs of weakening demand and conditions likely to put a damper on profitability into the back half of 2023, said Barclays’ Emmanuel Cau in a note to clients.

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

Plan A: Long if market retraced but supported firm above 13055. Targets are 13089 and 13122.

Plan B: Short if market failed to support above 13055. Targets are 13020 and 13000.

HSI

Hong Kong stocks closed with a loss on Wednesday following an anaemic lead from Wall Street, with traders weighing the outlook for the Federal Reserve's interest rate hiking drive.

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

Plan A: Remain short if the market stays below 20625. Targets are 20313 and 20156.

Plan B: Consider long only if the market stays above 20625. Targets are 20781 and 20938.

WTI Crude

crude oil closed at the lowest point this month on Wednesday as investors moved away from risk on concerns growth is slowing amid rising interest rates even as a report showed a drop in US inventories.

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

Plan A: Remain short as long as oil price stays below 81.25. Targets are 78.13 and 77.34.

Plan B: Consider long only if oil price stays above 81.25. Targets are 82.03 and 82.81.

Gold

Gold prices fell below the key $2,000 level on Wednesday as U.S. yields marched higher, with investors turning sceptical about potential U.S. rate cuts later this year.

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

Plan A: Remain short as long as gold price stays below 2015.6. Targets are 1984.4 and 1968.8.

Plan B: Attempts long only if gold price stays above 2015.6. Targets are 2031.3 and 2046.9.

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.