12 Dec 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 in positive territory and gold slid on Monday, as investors looked ahead to crucial inflation data and the U.S. Federal Reserve's two-day monetary policy meeting.

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

Plan A: Remain long as long as market trades above 36230. Targets are 36523 and 36621.

Plan B: Consider short if market stays below 36230. Targets are 36132 and 36035.


E-Mini S&P 500

The S&P 500 rose on Friday to hit a new high for the year after the November jobs report and University of Michigan consumer survey data signaled a resilient economy and cooling inflation, fueling hopes for a so-called soft landing scenario.

The S&P 500 posted its highest close of the year last week, but had yet to exceed its 2023 intraday high set in July until Friday, when it topped 4,609 in afternoon trading. The benchmark is now up about 20% on the year and trading at its highest level back to March 2022.

On the other hand, the monthly jobs report could also support the notion that the Fed is guiding the U.S. economy toward a soft landing — a steady economic recovery amid falling inflation. Average hourly earnings, seen as a leading indicator of inflation, rose about as expected in November as the economy added more jobs than the prior month.

Meanwhile, a closely watched University of Michigan survey showed inflation expectations drop and consumer sentiment jump in December to it highest level since July.

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

Plan A: Long if market supported firm above 4520. Targets are 4539 and 4550.

Plan B: Short if market failed to support above 4520. Targets are 4512 and 4499.




E-Mini Nasdaq

All the major averages finished the week with gains. The broad market index jumped 0.2% for the period, and the Dow finished marginally higher. Both indexes wrapped six winning weeks, their longest run since 2019. The Nasdaq advanced 0.7%.

November’s nonfarm payrolls report showed an unexpected drop in the unemployment rate. The jobless rate fell to 3.7% in November from 3.9% the prior month. It was expected to remain the same. The economy added 199,000 jobs, slightly ahead of the 190,000 estimate from Dow Jones and well ahead of the 150,000 jobs added in October.

The data first raised concerns that the economy was running too hot for inflation to cool enough for the Fed to start retreating from its high-rates policy. Some traders expect the Fed to start cutting rates as early as next spring, with its latest policy meeting set for Wednesday.

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

Plan A: Long if market retraced but supported firm above 15920. Targets are 15968 and 15993.

Plan B: Short if market fall below 15920. Target are 19880 and 19855

HSI

Hong Kong stocks closed in the red on Monday following another batch of weak data out of China that added to worries about the world's number two economy.

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

Plan A: Remain long if the market stays above 16094. Targets are 16406 and 16563.

Plan B: Consider short only if the market stays above 16094. Targets are 15938 and 15781.

WTI Crude

West Texas Intermediate (WTI) crude oil closes with a small gain on Monday after rising Friday for the first time in seven sessions as demand concerns persist amid worries OPEC+ cuts will not be enough to keep inventories low.

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

Plan A: Remain long as long as oil price stays above 70.31. Targets are 71.88 and 72.66.

Plan B: Consider short only if oil price stays below 70.31. Targets are 69.53 and 68.75.

Gold

Gold prices fell to a three-week low on Wednesday as the dollar and U.S. Treasury yields firmed, while investors awaited several crucial central bank meetings and U.S. inflation data that could influence the Federal Reserve's policy path.

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

Plan A: Remain short as long as gold price stays below 2000. Targets are 1968.75 and 1960.93.

Plan B: Attempts long only if gold price stays above 2000. Targets are 2007.81 and 2023.48.

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.