27 Dec 2024 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

Click here to contact us: https://goo.gl/B6Dccf 

E-Mini Dow

The Dow Jones Industrial Average recovered from earlier losses to post a slight gain on Thursday, amid thin trading following strong back-to-back rallies earlier in the holiday week.

Despite subdued trading this week, investors remain optimistic for a year-end boost, driven by the "Santa Claus rally"—a market trend where stocks typically rise during the final five trading days of December and the first two days of January.

(News Source: CNBC)

Plan A: Sell below 43, 670, target  around 43, 580/ 43, 500

Plan B: Long above 43, 480, Target around 43, 560/43, 630

E-Mini S&P500

U.S. stock index futures dipped on Thursday amid light post-Christmas trading, as investors reviewed their portfolios and anticipated a potential year-end boost from the "Santa Claus rally," according to Reuters.

Wall Street remained steady despite the latest economic data. Recurring applications for U.S. unemployment benefits climbed to their highest level in over three years, indicating longer job searches for the unemployed. Meanwhile, initial claims edged down to 219,000 for the week ending Dec 21.

(News Source: MSN, Bloomberg)

Plan A: Short if prices go below 6100, target around 6088/6070

Plan B: Long if prices are well supported above 6062, target around 6076/6091

E-Mini Nasdaq

Wall Street stocks headed lower on Thursday and U.S. benchmark Treasury yields scaled the highest level since April in light, post-Christmas trading.

The Nasdaq Composite dropped 18.10 points, or 0.09%, to 20,013.03.

The modest but broad-based sell-off pulled all three major U.S. stock indexes modestly lower despite the so-called Santa Claus rally, in which stocks often get a holiday season boost from low liquidity, tax loss harvesting and investment of year-end bonuses.

With only a handful of trading days remaining in the year, the Nasdaq, S&P 500 and the Dow have scored respective gains of 33%, 26% and 14% in 2024.

The major concerns for 2025 are the extent of the Federal Reserve's monetary easing, Trump's tariffs and other policies, and various geopolitical tensions.

On the economic front, new claims for unemployment benefits came in slightly below analysts' estimates, while ongoing claims jumped to their largest number since November 2021, suggesting laid off workers are having increasing difficulty finding new jobs.

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,870. Targets are 21,706/21,344. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Consider long if market supported above 21,509. Targets are 21,706/21,921. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Early Asian trade saw a little decline in oil prices as the market awaited new signals. Samer Hasn, senior market analyst at XS.com, says investors are hopeful about the resurgence in demand from China and that the country's favorable policies would start to solidify next year. But according to the expert, one of the main worries of investors for the upcoming year is the possible trade war between the United States and China, which might exacerbate the losses in crude oil. According to him, the current holiday season may lessen the downward pressure on petroleum prices to some extent. Brent is down 0.1% at $73.18 a barrel, while front-month WTI crude oil is down 0.1% at $69.58 a barrel.

(News Source: Dow Jones Newswire)

Plan A: Long if prices supported around 69.90. Targets are 70.50/71.45.

Plan B: Consider short if market breakout below 68.50. Targets are 67.45/66.57.

Gold

Gold prices remained in a tight range on Friday after reaching a one-week high in the previous session, supported by safe-haven demand amid geopolitical tensions. The metal is on track for a modest weekly gain.

However, momentum was dampened by a stronger dollar following Donald Trump's presidential victory and the Federal Reserve's signal of fewer rate cuts in 2025.

“The Fed’s decision shook market confidence in the expected number of cuts next year, acting as a headwind for gold,” said Rodda.

Markets are now bracing for significant policy changes in 2025, including tariffs, deregulation, and tax reforms, as Trump prepares to return to the White House in January.

(News Source: MSN)

Plan A: Consider long if market supported above 2645, Targets at 2655/2661.

Plan B: Short if market prices rebounded but failed to support above 2660. Targets are 2649/2634.

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.