2 Dec 2024 Global Market Index

                   Crude, Gold, HSI, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US stocks closed at record highs on Friday, with the Dow Jones Industrial Average rising 0.4% to close at a record high and the S&P 500 gaining 0.6% to reach a record at the end of a holiday-shortened trading session.

Plan A: Long positions may be opened above 44850. Targets at 44916/45028

Plan B: Consider short position may be opened below 45005. Targets at 44888/44790

E-Mini S&P 500

The S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56% to 6,032.38, notched new intraday and closing highs.

Plan A: Short if market failed to support above 6052. Targets at 6018/5989

Plan B: Long if market break the resistance at 6000. Targets at 6018/6035

E-Mini Nasdaq

The Nasdaq Composite jumped 0.83% to 19,218.17.

Plan A : Short if market failed to support above 20974. Targets are 20723 and 20616. Place your stop of your choice but keep your losses at reasonable level.

Plan B : Long if market supported firm above 20840. Targets are 20974 and 21080. Place your stop of your choice but keep your losses at reasonable level.

Hang Seng Index

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WTI Crude

Oil prices edged up on Monday supported by upbeat factory activity in the world’s second largest oil consumer China and as Israel resumed attacks on Lebanon despite a ceasefire agreement, stoking tensions in the Middle East.

US WTI was at $68.09 a barrel, up 9 cents, or 0.1%.

Prices rose after an official survey showed that China’s factory activity expanded modestly for a second straight month in November, suggesting a blitz of stimulus is finally trickling through just as Donald Trump ramps up his trade threats.

Plan A: Remain long as long as oil price stays above 68.63. Targets at 69.33/69.95 and stop loss at 68.42

Plan B: Consider short only if oil price stays below 68.63. Targets at 68.14/67.57 and stop-loss at 69.40

 

Gold

Gold prices have dipped due to a stronger U.S. dollar and profit-taking, ending a four-day rally. Spot gold dropped 0.9% to $2,629.84 per ounce as of 3:57 PM MYT) while U.S. gold futures fell 1.1% to $2,652.30.

This week's focus will be on critical U.S. economic indicators like job openings, the ADP employment report, and the non-farm payrolls report. Additionally, speeches from key Federal Reserve officials, including Chair Jerome Powell, could provide insight into future monetary policy. These factors will likely impact gold and broader market sentiment.

Plan A: Remain short as long as gold price stays below 2660. Targets at 2649/2638

Plan B: Attempts long only if gold price stays above 2670. Targets at 2680/26918

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 the investment.