17 January 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

US benchmark equity indexes closed lower Thursday as traders analyzed the latest batch of economic data and corporate earnings.

In economic news, US retail sales rose at a slower-than-projected pace last month, weighed down by a decline in the volatile building materials stores component, Census Bureau data showed.

The US 10-year yield declined four basis points to 4.61% Thursday, while the two-year rate fell 2.6 basis points to 4.24%.

(News Source: MT News)

Plan A: Long only if market supported firm above 43, 518. Targets around 43, 782/43, 985.

Plan B: Sell if market rebounded but resilient to 43, 518. Targets around 43, 214/43, 021.

E-Mini S&P500

US stock futures were little changed on Friday following a downturn in Thursday’s session, which saw the Dow and S&P 500 snap a three-day winning streak.

In bond markets, the 10-year US Treasury yield continued its retreat, as Federal Reserve Governor Christopher Waller suggested the possibility of rate cuts if inflation trends remain favorable.

(News Source: Trading Economics)

Plan A: Short if prices go rebounded but resilient to 5991. Targets around 5951/5917T.

Plan B: Long if prices are well supported above 5991. argets around 6024/6051.

E-Mini Nasdaq

US stocks closed lower Thursday, as the major indexes struggled to build on the previous day's surge amid another round of big bank earnings and a slide in tech stocks. Investors also watched the Capitol Hill confirmation hearing of President-elect Donald Trump's pick for Treasury Secretary, Scott Bessent.

The tech-heavy Nasdaq Composite fell almost 0.9%, leading the way down, as several large-cap tech stocks like Nvidia and Tesla underperformed.

Markets were coming off a major one-day rally on the heels of a surprise easing in consumer inflation that prompted questions about whether the pricing out of interest-rate cuts this year had gone too far. Stocks ripped higher on Wednesday on the back of the data and stellar earnings from major US lenders.

Traders have now ramped up bets that the Federal Reserve lowers rates before July, reversing the pile-out that was sparked by the stronger-than-expected December jobs report.

(News Source: Yahoo Finance)

Plan A: Short if prices bounded but resilient to 21, 353. Targets are 21, 171/21, 029.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market retraced but supported firm above 20, 984. Targets are 21, 353/21, 564. Place a reasonable stop order based on the assessment of the risk and reward ratio

WTI Crude Oil

Oil prices climbed on Friday, heading for a fourth weekly gain, driven by concerns over tighter supply following U.S. sanctions on Russian oil producers and signals from a Federal Reserve official of potential interest rate cuts.

(News Source: Reuters)

Plan A: Long if prices supported around 77.50. Targets are 78.69/80.12.

Plan B: Consider short if market breakout below 77.50. Targets are 76.27/75.19.

Gold

Gold held firm near a five-week high on Friday and was set for a third straight week of gains, as U.S. inflation data released earlier this week raised expectation that the Federal Reserve might cut interest rates further this year.

(News Source: Reuters)

Plan A: Consider long if market supported above 2683. Targets at 2701/2723.

Plan B: Short if market prices rebounded but failed to support above 2683. 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.