13 Jul 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 ended higher on Wednesday, led by a more than 1% gain in the Nasdaq, after a report showed U.S. consumer prices registered their smallest annual increase in more than two years.

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

Plan A: Remain long as long as market trades above 34375. Targets are 34766 and 34961.

Plan B: Consider short if market stays below 34375. Targets are 34277 and 34180.

E-Mini S&P 500

Stocks rose Wednesday after new data raised hope that the Federal Reserve can bring down inflation without pushing the U.S. economy into a recession. The S&P 500 reached a new high for 2023.

The consumer price index rose 3% on a year-over-year in June. Economists polled by Dow Jones expected a 3.1% increase. Month over month, the index rose 0.2% last month, also less than forecast. On top of that, core CPI — which strips out volatile food and energy prices — rose less than expected.

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 4474. Targets are 4462 and 4451.

Plan B: Long if market supported firm above 4474. Targets are 4489 and 4499.

E-Mini Nasdaq

The Nasdaq Composite popped 1.15% to 13,918.96.

June data for the producer price index — another well-watched gauge of inflation — is due Thursday before the bell.

Both price indexes are being watched for tea leaves on the path of inflation, which investors see as potential harbingers for how the central bank will move interest rates going forward. The market is pricing in an approximately 92% chance the Fed raises interest rates at the July meeting, according to CME’s FedWatch Tool.

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 15275. Targets are 15240 and 15208.

Plan B: Long if market retraced but supported firm above 15275. Targets are 15302 and 15339.

HSI

Hong Kong stocks finished sharply higher on Wednesday on optimism for more Chinese economic stimulus and ahead of US inflation data later in the day.

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

Plan A: Remain long if the market stays above 18906. Targets are 19375 and 19531.

Plan B: Consider short only if the market stays below 18906. Targets are 18750 and 18594.

WTI Crude

crude oil closed at the highest in 10 weeks on Wednesday after the United States reported inflation fell more than expected in June, sending the dollar to a 15-month low. while a report showed US inventories unexpectedly rose last week.

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

Plan A: Remain long as long as oil price stays above 74.22. Targets are 75.56 and 77.34.

Plan B: Consider short only if oil price stays below 74.22. Targets are 73.41 and 72.66.

Gold

Gold prices jumped more than 1% on Wednesday after signs of cooling inflation in the United States boosted hopes that the Federal Reserve could hit the brakes on its interest rate hike cycle sooner than previously thought.

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

Plan A: Remain long as long as gold price stays above 1937.5. Targets are 1968.8 and 1976.6.

Plan B: Attempts short only if gold price stays below 1937.5. Targets are 1929.7 and 1921.9.

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.