23 January 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button. There aren't any particular reasons for a fresh bull run to kick off, but investors aren't finding any particular reason for a turn into the bearish side, either.

Economic data releases remain thin through the midweek market sessions, and equities are drifting higher in the absence of any numbers to be concerned about. S&P Global Purchasing Managers Index (PMI) business activity survey results are due on Friday.

(News Source: FXstreet)

Plan A: Long only if market supported firm above 44,321. Targets around 44,784/45,165.

Plan B: Sell if market rebounded but resilient to 44,321. Targets around 43,973/43,498.

E-Mini S&P500

Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.

The technology sector advanced 2.5% and was the biggest gainer among the S&P 500's 11 major industry indexes with its biggest boosts from AI heavyweights Nvidia and Microsoft.

Netflix, the S&P's biggest gainer, finished up 9.7% after reporting a record number of subscribers for the holiday quarter, enabling it to increase prices for most service plans.

The S&P 500 ended up 37.13 points, or 0.61%, to 6086.37 just a few points below its last record closing high of 1090.27, reached on Dec.6.

(News Source: Reuters)

Plan A: Short if prices failed to support above 6,107. Targets around 6,046/5,982.

Plan B: Long if prices retraced but well supported above 6,107. Targets are around 6,135/6,152.

E-Mini Nasdaq

A rally in big-tech names spurred the S&P 500 to record high levels on Wednesday, as the optimism surrounding Donald Trump's return to the White House continued to push Wall Street indices higher.

The S&P 500 hit an intraday record of 6,100 before closing just near those levels. The Nasdaq too was back above the 20,000 mark, ending with gains of 1.3%. The Dow Jones gained over 100 points, boosted by strong results from Procter & Gamble.

Netflix shares outperformed on Wednesday, ending 9% higher after a strong quarterly performance. Oracle gained 6% on being part of the JV announcement by Donald Trump to fund AI infrastructure, while Nvidia gained over 4%.

(News Source: CNBC)

Plan A: Short if prices resilient to 21,891. Targets are 21,571/21,350.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market supported firm above 21,891. Targets are 22,112/22,385. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices fell Wednesday as the market considers how U.S. President Donald Trump's proposed tariffs could affect global economic growth and demand for energy.

Brent futures fell 29 cents, or 0.37%, to close at $79 a barrel, while U.S. WTI crude (WTI) lost 39 cents, or 0.51%, lower at $75.44.

That puts Brent down for a fifth day in a row for the first time since September and WTI down for a fourth day in a row for the first time since November. Both crude benchmarks were on track for their lowest close since Jan.9.

(News Source: CNBC)

Plan A: Long if prices supported firm above 75.08. Targets are 75.92/76.33.

Plan B: Consider short if market failed to support above 75.08. Targets are 74.27/73.33.

Gold

Gold price advances over 0.39% late in the North American session, with the precious metal climbing decisively above the psychological $2,650 figure with buyers setting their sights at the record high of $2,790. 

The non-yielding metal extended its gains as United States (US) President Donald Trump trade rhetoric broadened from Mexico, Canada and China to the Eurozone. Consequently, as traders grow uncertain about the "trade war" outcome, bought Bullion which has climbed to its highest level during 2025, at $2,763.

(News Source: Fxstreet)

Plan A: Consider long only if market supported firm above 2,761. Targets at 2,790/2,802.

Plan B: Short if market prices failed to support above 2,761. Targets are 2,745/2,719.

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.