4 February 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 Monday, but recovered from steeper declines earlier in the session as President Donald Trump paused new tariffs on Mexico. 

The Trump administration on Saturday announced 25% tariffs on goods from both Canada and Mexico, along with a 10% levy on imports from China. However, Trump said Monday that the US will pause the announced tariffs on Mexico for one month as the two sides engage in negotiations.

(News Source: MTNews)

Plan A: Long only if market supported firm above 44,350. Targets around 44,584/44,765.

Plan B: Sell if market failed to support above 44, 350. Targets around 44,112 /44, 025.

E-Mini S&P500

U.S. stock futures climbed on Tuesday after President Donald Trump postponed planned tariffs on goods from Canada, echoing the reprieve given to Mexico just hours earlier.

After signing an order over the weekend to impose a 25% tariff on goods from Mexico and Canada, as well as a 10% levy on China, Trump announced on Monday that the tariff on Mexican goods would be delayed by one month, pending further negotiations.

Subsequently, Canadian Prime Minister Justin Trudeau confirmed on X that Trump had also agreed to suspend tariffs on Canada for at least 30 days.

(News Source: Trading Economics)

Plan A: Short if prices failed to support above 6,020. Targets around 5,982 /5,962.

Plan B: Long if prices well supported above 6,020. Targets around 6,047/6,075.

E-Mini Nasdaq

US stocks fell on Monday in reaction to the Trump administration's scheduled tariff rollout against Canada and China, though the major averages pared heavier losses after President Donald Trump said the US would delay duties on Mexican imports by a month.

The tech-heavy Nasdaq Composite closed down 1.2%, recouping a chunk of its earlier losses. Meanwhile, the S&P 500 fell roughly 0.7%, and the Dow Jones Industrial Average fell 0.3%.

Consumer discretionary stocks, which includes automakers, were hit over fears of tariff impacts. Tech also lagged as shares of AI chip giant Nvidia, iPhone maker Apple and EV manufacturer Tesla all fell over 2.5%.

(News Source: Yahoo Finance)

Plan A: Short if prices resilient to 21,370. Targets are 21,570/21,897.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market supported firm above 21,370. Targets are 21,177/21,000. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

WTI crude oil futures dropped to around $72.2 per barrel on Tuesday, erasing all of Monday’s gains after U.S. President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada, the nation’s two largest foreign crude suppliers. The decision came after Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum agreed to boost border enforcement in response to Trump's concerns over immigration and drug smuggling.

While the pause eases trade tensions in North America, uncertainty remains, as Trump’s 10% tariff on Chinese imports is still set to take effect today, but Trump said he would speak to Beijing soon regarding the duties. On the demand side, concerns persist as top importer China’s factory activity growth slowed in January. Meanwhile, OPEC and its allies upheld their existing oil production plans at a review meeting on Monday, despite Trump’s calls to lower crude prices by expanding output.

(News Source: Tradingeconomics)

Plan A: Consider short if market failed to support above 72.32. Targets are 71.48/69.70.

Plan B: Long if prices supported firm above 72.32. Targets are 73.81/75.18.

Gold

Gold steadied around $2,810 per ounce on Tuesday, but remained near an all-time high reached in the previous session as tariff jitters prompted safe-haven spending.

(News Source: Tradingeconomics)

Plan A: Consider long only if market supported firm above 2,781. Targets at 2,799/2,812.

Plan B: Short if market prices failed to support above 2,781. Targets are 2,760/2,754.

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.