Where Futures Lies

Daily Futures Trading Strategy 5 December 2019 (Foreign Market)

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Publish date: Thu, 05 Dec 2019, 04:21 PM
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FUTURESCOIN IS GOING GLOBAL

 

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

 

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E-Mini Dow

U.S. stock index futures shot up on Wednesday, putting Wall Street’s main indexes on course to snap a three-day losing streak, following a report that the United States and China were moving closer to signing a ‘phase-one’ trade deal.

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Plan A : Attempt to long if market rebounds from 27585. Targets are 27615, 27650 and 27695.

Plan B : Cut below 27555.

Plan C : Consider to short if market fails to breach above 27710. Targets are 27675, 27640 and 27605.

Plan D : Cut above 27745.


 

E-Mini S&P 500


The S&P 500 gained 0.63% to end the day at 3,112.76. U.S.-China trade talks were once again the main catalyst on Wall Street as investors cheered apparent optimism around the negotiations.


Bloomberg News reported, citing people familiar with the talks, that China and the U.S. were getting close to reaching a trade deal. The report helped stocks end a three-day losing streak and rebound from steep losses in the previous session. Bottom line, investors seem to be getting more jittery around U.S.-China trade relations as a key Dec. 15 deadline approaches. Failure to reach any kind of deal by then could spark a steep sell-off into year-end.


Weekly jobless claims will be on Wall Street’s radar after a disappointing private payrolls report from ADP and Moody’s Analytics. Tiffany, Ulta Beauty and Dollar General are among the companies set to report earnings on Thursday.

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Plan A : Short if market failed to support above 3113.25. Targets are 3098.25, 3087.25 and 3075.50.

Plan B : Long only if market supported firm above 3113.25. Targets are 3128.50, 3137.25 and 3149.25.

 

 

E-Mini Nasdaq

 

Stocks were boosted on Wednesday by a news report from Bloomberg that said the U.S. and China were edging closer to a trade deal, leading the major averages to snap a three-day slide.

 

The Nasdaq Composite advanced 0.54% to 8,566.67.

 

However, Wednesday’s gains were kept in check as France and the wider European Union have promised to retaliate against potential U.S. tariffs on French goods. The U.S. Trade Representative announced Monday a list of French goods that could see tariffs of up to 100%. The decision came after France introduced a digital services tax, which the U.S. argues treats American tech companies unfairly. Other European countries, including the U.K., have plans to impose digital taxes.

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Plan A : Short of market failed to support above 8306.25. Targets are 8266.25, 8231.50 and 8208.50.

Plan B : Long only if market supported firm above 8306.25. Targets are 8345.25, 8376.50 and 8402.25. 

 

 

 

HSI

Hong Kong stocks closed at a near two-month low on Wednesday, after Trump’s remarks and renewed Sino-U.S. tensions dashed hopes for a quick trade deal between Washington and Beijing.

 

The Hang Seng index fell 1.3% to 26,062.56.

 

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Plan A : Above 26539, do nothing
Plan B : Below 25960, do nothing
Plan C : Attempt to short if market recovers but does not breach above 26395
Plan D : Cut above 26480
Plan E : Consider to long if market rebounds from 26069
Plan F : Cut below 25960

 

 

WTI Crude

 

Oil gained more than 4% on Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from OPEC lifted prices.

 

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Plan A : Remain buy as long as oil price trades firmly above 57.4

Plan B : Exit below 57.4

Plan C : Consider selling if oil price surges but fails to breach above 58.6

Plan D : Cut above 58.9

 

 

Gold

 

Gold shrugged off earlier gains to fall on Wednesday, as a report suggesting progress on the U.S.-China trade negotiations rekindled risk appetite.

 

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Plan A : Remain buy as long as gold price stays firm above 1468.9

Plan B : Exit below 1468

Plan C : Consider selling if gold price fails to trade firmly above 1476

Plan D : Cut above 1480.4




 

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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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 that investment.

 

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