6 Jan 2025 Global Index Futures

  Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

The Standard & Poor's 500 index began the new year with a 0.5% weekly loss as the materials and consumer sectors declined, while energy and utilities stocks climbed.

The benchmark ended Friday's session at 5,942.47. The market was closed Wednesday for the New Year's Day holiday.

Next week features December employment data with ADP's monthly employment report expected on Wednesday and the Labor Department's employment report due on Friday. Other data on the calendar include November factory orders on Monday, December consumer credit on Wednesday and preliminary January consumer sentiment on Friday.

(News Source: MT Newswires)

Plan A: Sell below 43, 060, target  around 42, 880/ 42, 682

Plan B: Long above 43, 060, Target around 43, 287/43, 357

E-Mini S&P500

US stock futures remained largely unchanged on Monday as investors await key economic data in another shortened trading week.

The December jobs report, scheduled for release on Friday, will be closely watched as one of the final economic indicators before the next Federal Reserve meeting.

In the meantime, traders are also anticipating the JOLTS report on Tuesday and the ADP Employment Survey on Wednesday.

(News Source: Trading Economics)

Plan A: Short if prices go below 5980, target around 5961/5938

Plan B: Long if prices are well supported above 5980, target around 6012/6032

E-Mini Nasdaq

Wall Street's main indexes moved higher on Friday as technology stocks rebounded from a losing streak, while investors geared up for potential policy shifts under the incoming Trump administration.

Wall Street had a dour start to the new year, with the S&P 500 and Nasdaq erasing early gains to close lower for a fifth straight session on Thursday, bucking a historical trend where markets rally in the last five sessions of December and the first two sessions of January.

(News Source: Reuters)

Plan A: Short if prices failed to support above 21,640. Targets are 21,324/21, 025. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Consider long if market supported above 21, 640. Targets are 21, 841/21,998. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices dipped on Monday amid a strong U.S. dollar ahead of key economic data by the U.S. Federal Reserve and U.S. payrolls later in the week. Oil posted five-session gains previously with hopes of rising demand following colder weather in the Northern Hemisphere and more fiscal stimulus by China to revitalise its faltering economy.

(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 prices dipped on Monday on profit-booking after gaining last week, while investors awaited a slew of U.S. economic data including the December nonfarm payrolls report for further guidance on the Federal Reserve's stance on interest rates.

(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.