11 Aug 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

Wall Street finished marginally higher on Thursday, giving up earlier, stronger gains after the latest inflation data reinforced expectations the Federal Reserve has finished its aggressive interest rate hiking cycle.

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

Plan A: Remain short as long as market trades below 35352. Targets are 35205 and 35059.

Plan B: Consider long if market stays above 35352. Targets are 35449 and 35547.

E-Mini S&P 500

The blue-chip average added 52.79 points, or 0.15%, to finish at 35,176.15. The S&P 500 inched up 0.03% to 4,468.83.

All three indexes climbed more than 1% earlier in the session, with the Dow up more than 450 points. Despite Thursday’s gains, the Nasdaq Composite and S&P 500 are on pace to end the week lower by 1.2% and 0.2%, respectively. The Dow is slated for a 0.3% advance.

More than 90% of S&P 500 companies have reported earnings for the quarter as of Thursday morning. Of those, about four-fifths have beat Wall Street expectations, according to FactSet.

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

Plan A: Short if market failed to support above 4505. Targets are 4499 and 4482.

Plan B: Long if market supported firm above 4505 Targets are 4519 and 4531.




E-Mini Nasdaq

July consumer prices gained 3.2% on an annual basis, less than the 3.3% consensus from economists polled by Dow Jones. On a month-to-month basis, inflation increased 0.2%, in-line with estimates. The report also said real average weekly earnings were unchanged last month in another positive sign.

Still, the report had some indications of sticky inflation. Excluding food and energy, the so-called core July CPI reading was up 4.7% on an annual basis, far above the Fed’s 2% target. And headline inflation was above the 3% annual rate in June.

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

Plan A: Short if market failed to support above 15388. Targets are 15352 and 15317.

Plan B: Long if market retraced but supported firm above 15388. Targets are 15423 and 15448.

HSI

Hong Kong shares closed marginally higher on Thursday as bargain-buying offset worries about China's economy and nervousness ahead of the release 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 Aug subscription.

Plan A: Remain short if the market stays below 19375. Targets are 19219 and 19141.

Plan B: Consider long only if the market stays above 19375. Targets are 19453 and 19531.

WTI Crude

crude oil Fall off of a nine-month high on Thursday as US inflation rose at an annualized rate of 3.2% in July, meeting expectations, while OPEC reiterated its 2023 supply and demand forecast in its Monthly Oil Market Report.

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

Plan A: Remain short as long as oil price stays below 84.38. Targets are 82.03 and 81.25.

Plan B: Consider long only if oil price stays above 84.38. Targets are 85.16 and 85.94.

Gold

Gold prices ticked up on Thursday after data showed U.S. consumer prices increased moderately in July, cementing expectations the Federal Reserve is at the end of its rate hike cycle.

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

Plan A: Remain short as long as gold price stays below 1925.78. Targets are 1910.15 and 1906.25.

Plan B: Attempts long only if gold price stays below 1925.78. Targets are 1929.68 and 1933.59.

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.