3 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 on the first trading day of 2025, with the S&P 500 and the Nasdaq Composite weighed down by a sell-off in Tesla shares. 

The US 10-year yield fell 1.4 basis points to 4.56%, while the two-year rate was little changed at 4.25%.

In economic news, the US manufacturing sector remained in contraction territory in December amid declines in output and new orders, while sentiment reached the lowest since August, according to a survey by S&P Global

(News Source: MT Newswires)

Plan A: Sell below 42, 749, target  around 42, 571/ 42, 425

Plan B: Long above 42, 749, Target around 42, 924/43, 102

E-Mini S&P500

US stock futures showed little movement on Friday after major indexes extended losses in the first trading session of the new year.

On Thursday, the benchmark indices began the day with gains but reversed course in the latter part of the session.

(News Source: Trading Economics)

Plan A: Short if prices go below 5940, target around 5921/5899

Plan B: Long if prices are well supported above 5940, target around 5967/5992

E-Mini Nasdaq

Wall Street see-sawed to a lower close on Thursday amid choppy trading, as investors embarked on the new year facing the cross-currents of solid labor market data, a rising dollar and tumbling Tesla shares.

All three major U.S. stocks ended the session in negative territory, a reversal of an earlier rally but off session lows.

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,240. Targets are 21,078/20, 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, 240. Targets are 21,405/21,774. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Asian stocks rose on Friday, aiming to shrug off a lacklustre start to 2025, while the dollar was perched at a two-year high against a basket of currencies as investors fret about U.S. rates staying higher for longer.

(News Source: Reuters)

Plan A: Long if prices supported around 73.32. Targets are 73.62/74.12.

Plan B: Consider short if market breakout below 73.32. Targets are 73.02/72.68.

Gold

Gold edged up on Friday on a softer U.S. dollar and safe haven flows, with the metal en-route for a weekly gain as attention turned to U.S. President-elect Donald Trump's proposed policy changes that could influence the economic and interest rate outlook going forward.

(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.