Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
The Federal Reserve should be in no rush to resume interest rate reductions as it focuses on lowering inflation, so long as the labor market remains “solid,” Fed officials concurred Monday.
As they have done since the the Fed’s rate-setting Federal Open Market Committee lowered the key federal funds rate on Dec. 18, officials emphasized “elevated” inflation while downplaying risk on the “maximum employment” side of the Fed’s “dual mandate.”
Fed Governor Michelle Bowman urged that the Fed be “patient” and wait for further evidence that inflation is headed down to its 2% target, warning of “upside risks” to inflation.
(News Source: MaceNews)
E-Mini S&P500
E-Mini Nasdaq
The US indices would have been very thin in the futures markets overnight, as the US is celebrating President’s Day, meaning that the actual cash markets will be closed.
(News Source: Businesstimes)
Plan A: Short only if prices failed to support above 22,087. Targets are 21,897/21,370. Place a reasonable stop order based on the assessment of the risk and reward ratio.
Plan B: Long only if market retraced but supported firm above 22,161. Targets are 22,287/22,427. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
WTI crude oil stayed around $71 per barrel on Monday, closing in on the lowest level since December 30th, as investors watched for progress on a possible Russia-Ukraine peace deal, which could ease sanctions and boost oil supply.
US President Donald Trump said he might meet with Russian President Vladimir Putin soon to discuss ending the war, with initial talks between the US and Russia set to take place in Saudi Arabia this week. If negotiations succeed, more Russian oil could enter global markets, increasing supply.
Additionally, Iraq’s Kurdistan region signaled that its oil exports may resume next month. However, oil prices are being held back by fears of a global trade war, as Trump has ordered officials to review potential retaliatory tariffs on countries that impose duties on US goods.
(News Source: Tradingeconomics)
Plan A: Consider short if market rebounded but resilient to 72.03. Targets are 71.19/70.71.
Plan B: Long only if prices retraced but supported firm above 71.19. Targets are 71.92/72.54.
Gold
Gold prices surged on Monday as the US dollar weakened. Investors are closely monitoring President Donald Trump's proposed tariffs, which could heighten global trade tensions.
Spot gold increased by 0.6% to $2,899.73 per ounce as of 0313 GMT. This follows a record high of $2,942.70 on Feb 11. US gold futures also rose by 0.4% to $2,912.50.
Gold has been in a bullish trend since November 2022, reaching record highs in early 2025. Analysts advise caution, noting potential pullbacks. Key support levels are identified at $2,870 per ounce and $2,855 per ounce, with resistance at $2,924 per ounce and $2,942 per ounce.
Gold continues to serve as a traditional hedge against rising prices and geopolitical uncertainties. The current market reflects this sentiment, with prices nearing the $3,000 per ounce mark.
(News Source: CNBCTV18)
Plan A: Consider long only if market retraced but supported firm above 2,906. Targets at 2,919/2,935.
Plan B: Short if market prices rebounded and resilient to 2,935. Targets are 2,900/2,887.
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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