10 January 2025 Global Index Futures

Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

Major US exchanges, including the New York Stock Exchange and Nasdaq 100, fully closed equity and options markets Thursday to observe a National Day of Mourning in honor of former US President Jimmy Carter.

Minutes from the Fed's December meeting, released earlier this week, suggested a potential slowdown in the pace of policy easing amid renewed concerns over inflation.

Strong data on services activity, private employment, and rising prices have fueled worries about persistent inflationary pressures.

(News Source: Trading Economics)

Plan A: Sell if market rebounded but resilient to 42,983. Targets around 42,652/42,464.

Plan B: Long only if market supported firm above 42,983. Targets around 43,245/43,411.

E-Mini S&P500

US stock futures dropped on Friday as investors prepared for the release of the December nonfarm payrolls report, which will provide key insights into the strength of the labor market.

A stronger-than-expected reading could reinforce expectations that the Federal Reserve may hold off on further interest rate cuts this year, putting pressure on equity markets.

(News Source: Trading Economics)

Plan A: Long if prices are well supported above 5957. Targets around 5982/6003.

Plan B: Short if prices go rebounded but resilient to 5982. Targets around 5956/5933.

E-Mini Nasdaq

U.S. stocks whipsawed through a volatile trading session on Wednesday to finally end mixed, as investors refrained from big moves ahead of a stock market closure and the highly anticipated December non-farm payrolls report on Friday.

Wall Street is shut on Thursday for a national day of mourning for former U.S. President Jimmy Carter.

The tech-heavy Nasdaq Composite slipped -0.06% to conclude at 19,478.88 points. 

(News Source: MSN)

Plan A: Consider long if market supported firm above 21,318. Targets are 21,434/21,520. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Short if prices bounded but resilient to 21,500. Targets are 21,280/21,011. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices rose on Friday and were on track for a third straight week of gains as traders focused on potential supply disruptions from sanctions while icy conditions in parts of the United States and Europe are expected to drive up fuel demand.

(News Source: Tradingeconomics)

Plan A: Long if prices supported around 75.10. Targets are 77.59/79.12.

Plan B: Consider short if market breakout below 75.10. Targets are 74.27/73.19.

Gold

Gold prices inched higher on Friday as uncertainty around U.S. President-elect Donald Trump's policies firmed demand for bullion, while investors awaited a key jobs report to assess the Federal Reserve's rate cut trajectory.

(News Source: Reuters)

Plan A: Consider long if market supported above 2663. Targets at 2682/2697.

Plan B: Short if market prices rebounded but failed to support above 2682. Targets are 2655/2636.

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.