Sunday, May 28, 2023

29 May 2023 Foreign

 WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq



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E-Mini Dow

Wall Street's main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U.S. debt ceiling progressed.

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Plan A: Remain long as long as market trades above 33008. Targets are 33301 and 33398.

Plan B: Consider short if market stays below 33008. Targets are 32910 and 32813.

HSI
Asia-Pacific markets are mixed after Wall Street saw a tech rally led by Nvidia, and U.S. negotiators moved closer to a debt ceiling deal with just a week to go before the government faces a potential default.

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Plan A: Remain short if the market stays below 19063. Targets are 18438 and 18281.

Plan B: Consider long only if the market stays above 19063. Targets are 19219 and 19375.


WTI Crude
crude oil closed higher on Friday on mixed signals from OPEC+ over whether further production cuts are planned when its stages its ministerial meeting next month, as talks over a US debt-ceiling deal continue and a key US inflation measure rose more than expected last month.

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Plan A: Remain long as long as oil price stays above 72.27. Targets are 73.44 and 73.83.

Plan B: Consider short only if oil price stays below 72.27. Targets are 71.88 and 71.48.


Gold
Gold gave up some gains on Friday and was on course for a third straight weekly loss on the likelihood of a last-minute debt ceiling deal and as a hotter-than-expected U.S. inflation gauge raised bets for rates to stay higher for longer.
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Plan A: Remain short as long as gold price stays below 1960.9. Targets are 1937.5 and 1929.7.
Plan B: Attempts long only if gold price stays above 1960.9. Targets are 1968.8 and 1976.6.


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. 

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