21 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

The three major indexes on Wall Street closed mixed on Friday amid growing concerns that a resilient U.S. economy will keep interest rates higher for longer and eventually will cut into corporate profits as growth slows.

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 34961. Targets are 34375 and 34180.

Plan B: Consider long if market stays above 34961. Targets are 35156 and 35352.

E-Mini S&P 500

Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.

The S&P 500 dipped 0.76%, closing at 4,404.33.

The federal funds rate is currently in a range between 5.25% to 5.5%, the highest level in more than 22 years.

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 4457. Targets are 4442 and 4429.

Plan B: Long if market supported firm above 4457. Targets are 4469 and 4482.




E-Mini Nasdaq

In the central bank’s July meeting minutes, officials said additional tightening may be necessary to bring down inflation.

Intel fell more than 3% to lead the Dow lower. Communications services, real estate and consumer discretionary were among the worst-performing S&P 500 sectors, losing more than 1% each.

Meanwhile, the back end of the corporate earnings season rolled on. Target shares rose roughly 3% even after the retailer cut its full-year outlook. Insurance company Progressive jumped nearly 9%, also on the back of its earnings report.

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 14957. Targets are 14925 and 14890.

Plan B: Long if market retraced but supported firm above 14957. Targets are 14983 and 15011.

HSI

Growing fears about China's economy and the property sector crisis hammered Hong Kong stocks on Friday, closing out another terrible week for a market also hit by talk of another Federal Reserve interest rate hike.

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 18438. Targets are 17656 and 17500.

Plan B: Consider long only if the market stays above 18438. Targets are 18594 and 18750.

WTI Crude

crude oil closed higher on Friday as concerns over tight supplies after production cuts by Saudi Arabia offset worries over China's flagging economy.

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 81.25. Targets are 78.91 and 78.13.

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

Gold

Gold was little changed on Friday, but bullion was bound for its third straight weekly dip as recent sound U.S. economic data raised bets for interest rates staying higher for longer.

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 1906.25. Targets are 1882.81 and 1878.90.

Plan B: Attempts long only if gold price stays above 1906.25. Targets are 1910.15 and 1917.96.

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.