Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
US benchmark equity indexes closed mostly lower Wednesday, while Treasury yields increased after official data showed that consumer inflation accelerated in January.
Fed Chair Jerome Powell said the latest CPI report fits with an overall picture that policymakers are "close but not there" on getting inflation back to their 2% goal, media outlets reported.
(News Source: MTNews)
Plan B: Sell if market failed to support above 44,532. Targets around 44,220 /44,012.
E-Mini S&P500
E-Mini Nasdaq
(News Source: Reuters)
Plan A: Short if prices failed to support above 21,900. Targets are 21,673/21,434. Place a reasonable stop order based on the assessment of the risk and reward ratio.
Plan B: Long only if market supported firm above 21,900. Targets are 22,100/22,386. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
Oil prices fell on Thursday on expectations that a potential peace deal between Ukraine and Russia would end sanctions that have disrupted supply flows, while crude inventories rose in top producer the United States.
(News Source: Reuters)
Plan A: Consider short if market rebounded but failed to support above 70.80. Targets are 69.52/67.10.
Plan B: Long only if prices supported firm above 70.80. Targets are 71.68/73.80.
Gold
Gold gained on Thursday as markets closely tracked developments in U.S. President Donald Trump's tariff plans, which could further escalate a global trade war, while investors awaited crucial U.S. data due later in the day.
(News Source: Tradingeconomics)
Plan A: Consider long only if market retraced but supported firm above 2,910. Targets at 2,921/2,935.
Plan B: Short if market prices failed to support above 2,910. Targets are 2,890/2,880.
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.
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