19 Feb 2025 Global Index Futures

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

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E-Mini Dow

US stock indices opened higher on Tuesday, as investors focused on potential tariff developments and the US Federal Reserve's interest rate strategy.

U.S. stocks have climbed back to record heights thank in large part to stronger-than-expected profit reports, even after big disruptions recently seemed set to derail Wall Street’s long, upward trend that began in 2022.

The Dow Jones continues its attempts to settle below the support  level at 44,400 - 44,500 as UnitedHealth Group is down by 4.8%. Nike, which is up by 5.5%, is the biggest gainer in the Dow Jones Index today. The stock rallied as Nike partnered with Kim Kardashian's Skims.

(News Source: MSN, FxEmpire)

Plan A: Sell only if market failed to support above 44,528. Targets around 44,220 /44,012.

Plan B: Long only if market retraced but supported firm above 44,528. Targets around 44,960/45,175.

E-Mini S&P500

US stock futures drifted up after the S&P 500 reached a fresh record in a dramatic rally just 10 minutes before market close.

Futures attached to the S&P 500 and Dow Jones inched up 0.01%, while Nasdaq futures moved up 0.2%. 

After a mostly quiet day's return from an extended weekend, the S&P 500 popped on Tuesday afternoon to close at a record high of 6,129.58. It was the first time the index hit a new high since Jan. 23. amid a backdrop of new tariffs from President Donald Trump, Deepseek's tech shake-up, and the Federal Reserve's cautious stance on interest rates. 

(News Source: Yahoo Finance)

Plan A: Short if prices failed to support above 6,146. Targets around 6,121 /6,104.

Plan B: Long only if prices are well supported above 6,146. Targets around 6,163/6,183.

E-Mini Nasdaq

Trump on Tuesday said to expect new tariffs on automobiles starting as soon as April 2. A flat tariff "in the neighborhood of 25%" would apply to all foreign automakers selling in US markets, the president said. Trump also indicated similar duties would be imposed on semiconductors and pharmaceutical imports.

On Wednesday, investors are anticipating the release of the minutes from the Fed's January meeting. Fed officials reiterated their strong support for keeping interest rates at their current levels amid stubborn inflation over the weekend.

Nasdaq pulled back as Meta declined by 3.9%. The stock found itself under pressure as traders rushed to take profits off the table after multi-day rally. Amazon, Alphabet, and Tesla were also among the biggest losers in the Nasdaq index today.

(News Source: FXEmpire, Yahoo Finance)

Plan A: Short only if prices failed to support above 22,133. 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 22,133. 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 futures rose to around $72 per barrel on Wednesday, extending gains for a third straight session, supported by short-term supply risks. A drone attack on a pumping station in southern Russia disrupted Kazakh crude flows to the Black Sea, potentially cutting transit volumes by 30% and requiring up to two months for repairs.

However, further oil price gains were capped by a slight easing of geopolitical risks as the US and Russia engaged in diplomatic talks to end the Ukraine war. Top US and Russian officials met in Riyadh for negotiations, but Ukraine’s President Zelenskiy’s exclusion raised concerns about potential delays in reaching a deal.

Meanwhile, traders are monitoring conflicting reports on whether OPEC+ will ease output cuts in April or extend them further. Elsewhere, President Trump stated that Chevron’s Venezuela crude exports are under review, highlighting ongoing US-Venezuela tensions that could impact energy markets.

(News Source: Tradingeconomics)

Plan A: Consider short if market rebounded but resilient to 72.04. Targets are 71.14/70.88.

Plan B: Long only if prices retraced but supported firm above 71.14. Targets are 71.54/72.10.

US Gold

Gold futures jumped to a new all-time record on Tuesday, as concerns over economic growth around President Trump's tariff plans continued to spark safe-haven flows into the metal, with added support from ongoing central bank buying.

The market will focus on the U.S. Federal Reserve's January meeting minutes due on Wednesday for clues into the central bank's interest rate trajectory.

Gold, which already has climbed 11.5% YTD, has benefited from Trump's disruptive modus operandi of aggressive rhetoric and potential tariffs, which could hit global trade and supply chains, Tradu analyst Nikos Tzabouras wrote.

Gold is set to naturally benefit from risk-off flows and central bank buying in the uncertain Trump 2.0 era, but Tzabouras said the Federal Reserve would take a more cautious approach to monetary policy easing if inflation rebounds, which could boost the dollar and suppress precious metal demand.

(News Source: MSN)

Plan A: Consider long only if market retraced but supported firm above 2,935. Targets at 2,947/2,964.

Plan B: Short only if market failed to support above 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.