2 Jan 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 Tuesday, but logged double-digit percentage gains for the year.

The Dow Jones Industrial Average lost 0.1% to 42,544.2.

The US 10-year yield rose 2.8 basis points to 4.57%, while the two-year rate dropped 1.4 basis points to 4.24%.

(News Source: MT Newswires)

Plan A: Sell below 43,050, target  around 42, 890/ 42, 712

Plan B: Long above 43, 050, Target around 43, 174/43, 299

E-Mini S&P500

US stock futures rose on Thursday, starting the year on a positive note as investors looked to build on the strong gains of 2024.

Investors also faced headwinds from high valuation levels, leaving many wondering what the next major catalyst for market movement might be.

Looking ahead, traders are awaiting Thursday’s weekly jobless claims data for further clues on the health of the labor market.

(News Source: MSN, Bloomberg)

Plan A: Short if prices go below 5980, target around 5957/5938

Plan B: Long if prices are well supported above 5980, target around 6024/6037

E-Mini Nasdaq

Wall Street moved lower on Tuesday as investors prepared to close the book on a remarkable year for equities, during which the U.S. stock market was powered to record highs by the twin engines of the artificial-intelligence boom and the U.S. Federal Reserve's first interest rate cuts in three-and-a-half years.

The three major U.S. stock indexes were last in negative territory, in a languid, low-volume session which contrasted with the tumultuous year about to end.

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,400. Targets are 21,120/20, 980. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Consider long if market supported above 21,400. Targets are 21,706/21,921. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.

(News Source: Reuters)

Plan A: Long if prices supported around 72.03. Targets are 72.60/73.29.

Plan B: Consider short if market breakout below 72.03. Targets are 71.62/71.02.

Gold

Gold prices rose on Thursday, keeping up the momentum from a positive end to record-breaking 2024, as traders braced for U.S. President-elect Donald Trump's expected policy shifts that will shape the economic and interest rate outlook for the new year.

(News Source: Reuters)

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.