9 April 2025 Global Index Futures

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

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E-Mini Dow

US benchmark equity indexes declined on Tuesday as a morning rally fizzled amid news surfacing that the Trump administration would proceed with additional 50% tariffs on China.

The Trump administration is moving forward with additional 50% tariffs on China that would bring the total rate of levies on the Asian country to 104%, a White House official told CNBC. The new rate goes into effect at 12:01 am ET Wednesday.

Last week, the Trump administration announced broad-scale tariffs on US imports, including from China, which responded with its own retaliatory duties. China's commerce ministry reportedly said Tuesday that Beijing will "fight to the end" if the US imposes the additional 50% tariffs threatened by US President Donald Trump on Monday.

(News Source: Reuters)

Plan A:  Sell only if market failed to support above 37,751. Targets around 37,751/37,005.

Plan B: Long only if market retraced but supported firm above 38, 010. Targets around 38, 421/38,708.

E-Mini S&P500 

The S&P 500 closed below 5,000 points for the first time in almost a year, reversing a strong morning rally as hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a midnight deadline.

(News Source: Reuters)

Plan A: Short if prices failed to support above 5,005. Targets around 4,981/4,952.

Plan B: Long only if prices are well supported above 5,005. Targets around 5,027 /5,068.

E-Mini Nasdaq

U.S. stock futures declined Wednesday as President Donald Trump’s sweeping tariffs sweeping new tariffs are set to take effect later today, including a 104% levy on Chinese imports.

Markets now view the two economic powers as entrenched in a full-scale trade war.

On Tuesday, the Dow slipped 0.84%, the S&P 500 fell 1.57%, and the Nasdaq Composite plunged 2.15%.

Equities had initially rallied on hopes for progress in global tariff negotiations, but reversed course after Trump confirmed the tariffs would proceed as planned.

(News Source: Trading Economics)

Plan A: Short if prices failed to support above 17, 187. Targets are 16,995/16,753.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Long only if market supported firm above 17, 187. Targets are 17, 478/17, 784. Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

Oil prices dropped to their lowest in more than four years on Wednesday on looming demand concerns fuelled by an escalating tariff war between the U.S. and China, the world's two biggest economies, and a rising supply outlook.

(News Source: Reuters)

Plan A: Consider short if market resilient to 58.10. Targets are 57.69/56.41.

Plan B: Long only if prices retraced and supported firm above 58.10. Targets are 58.78/59.99.

US Gold

Gold prices climbed nearly 2% on Wednesday as the dollar weakened after U.S. President Donald Trump's tariffs on China took effect, with most traders flocking to safe-haven bullion for cover as global trade and recession jitters intensified.

(News Source: Tradingeconomics)

Plan A: Consider long only if market retraced and supported firm above 3,025. Targets are at 3,068/3,102.

Plan B: Short only if market failed to support above 3,025. Targets are 2,999/2,962.

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.