Crude, Gold, Dow, S&P 500 and Nasdaq
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E-Mini Dow
Stock futures were rising ahead of a week that will include the release of another consumer confidence reading and a widely watched inflation measure as markets look to extend their gains from last week.
At 6:17 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures were up 200 points, or 0.5%, S&P 500 futures were up 0.5%, and Nasdaq Composite futures were up 0.6 %.
Stocks snapped a losing streak on Friday. The Dow closed up 1.2% last week, after two weeks of losses, according to Dow Jones Market Data. The Dow down 1.3% so far this year.
(News Source: MTNews)
(News Source: MTNews)
E-Mini S&P500
E-Mini Nasdaq
Wall Street's main stock indexes traded shy of their session lows on Friday, after U.S. President Donald Trump hinted there would be some flexibility regarding tariffs, ahead of the reciprocal duties he is expected to impose early next month.
Friday's session also marks the simultaneous expiry of quarterly derivatives contracts tied to stocks, index options and futures, also known as "triple witching", which added to market volatility.
(News Source: Reuters)
Plan A: Long only if market supported firm above 19,761. Targets are 20,086/20,458. Place a reasonable stop order based on the assessment of the risk and reward ratio.
Plan B: Short if prices failed to support above 19,761. Targets are 19,395/19,143. Place a reasonable stop order based on the assessment of the risk and reward ratio.
WTI Crude Oil
Financial markets made an optimistic start on Monday with U.S. stock futures rising and the dollar firm ahead of a week driven by data, and the threat of steep U.S. tariff hikes on the horizon.
(News Source: Reuters)
Plan A: Long only if prices retraced and supported firm above 68.23. Targets are 68.91/70.29.
Plan B: Consider short if market resilient to 68.23. Targets are 66.31/64.76.
US Gold
Gold fell to around $3,010 per ounce on Monday amid hopes for a potential Russia-Ukraine peace deal, following talks between Ukrainian and U.S. officials on Sunday aimed at ending three years of conflict.
(News Source: Tradingeconomics)
Plan A: Consider long only if market retraced and supported firm above 2,985. Targets are at 3,000/3,068.
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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