2 Jun 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. stock indexes rose on Thursday as investors cheered a vote in Congress to suspend the U.S. debt ceiling, while signs of slowing wage pressure on inflation added to growing optimism the Federal Reserve will skip raising interest rates in two weeks.

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

Plan A: Remain long as long as market trades above 33008. Targets are 33203 and 33301.

Plan B: Consider short if market stays below 33008. Targets are 32959 and 32861.

E-Mini S&P 500

Stocks advanced on Thursday after the U.S. House passed a debt ceiling bill in a crucial step to avoid a default, with the measure moving to the Senate.

 The S&P 500 gained 0.99% to finish at 4,221.02.

The Fiscal Responsibility Act passed by a vote of 314-117 with bipartisan support on Wednesday night. Senate Majority Leader Chuck Schumer, D-N.Y., said the Senate will stay in session until a bill is sent to President Biden’s desk.

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

Plan A: Short if market failed to support above 4221. Targets are 4210 and 4199.

Plan B: Long if market supported firm above 4121. Targets are 4147 and 4262.

E-Mini Nasdaq

The Dow Jones Industrial Average traded up 153.3 points, or 0.47%, to end at 33,061.57 despite a 4.7% tumble in Salesforce shares a day after its earnings report.

Nasdaq Composite added 1.28% to end at 13,100.98. Both the S&P 500 and Nasdaq closed at their highest levels since August 2022.

Beyond the debt ceiling battle, investors are looking ahead to the Federal Reserve’s June 13-14 policy meeting as another possible market catalyst. Philadelphia Fed President Patrick Harker said Thursday that he thinks the central bank is near the point of being able to stop interest rate hikes. But he said earlier in the week that Friday’s payrolls report could change impact how he’ll vote at the upcoming gathering.

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

Plan A: Short if market failed to support above 13100. Targets are 13068 and 13025.

Plan B: Long if market retraced but supported firm above 13100. Targets are 13125 and 13176.

HSI

Hong Kong shares finished Thursday slightly lower, having spent most of the day in positive territory, as worries over the Chinese economy overshadowed news that the US House had passed a bill to avert a debt default.

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

Plan A: Remain long if the market stays above 18125. Targets are 18594 and 18750.

Plan B: Consider short only if the market stays below 18125. Targets are 17969 and 17813.

WTI Crude

crude oil closed with the first gain in three sessions on Thursday even as OPEC+ readies to meet in Vienna on the weekend and a survey showed US oil inventories rose last week.

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

Plan A: Remain long as long as oil price stays above 68.75. Targets are 71.09 and 71.88.

Plan B: Consider short only if oil price stays below 68.75. Targets are 67.97 and 67.19.

Gold

Gold hit a more than one-week peak on Thursday, as the dollar tumbled after weaker U.S. economic data on expectations of the Federal Reserve skipping an interest rate hike at its June policy meeting.

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

Plan A: Remain long as long as gold price stays above 1968.8. Targets are 1992.2 and 2000.

Plan B: Attempts short only if gold price stays below 1968.8. Targets are 1960.9 and 1953.1.

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.