FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
Click here to contact us : https://goo.gl/B6Dccf
Wall Street lost ground on Thursday, backing away from record highs as investors digested new coronavirus developments and mixed corporate earnings. The S&P 500 lost 5.51-points to settle at 3373.94.
Plan A : Short if market fails to support above 3361.25. Targets are 3345.25, 3332.50 and 3324.75.
Plan B : Long if market doesn't retrace much but supported firm above 3361.25. Targets are 3376.75, 3384.75 and 3395.25.
While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
Plan A : Long if market supported firm above 9543.25. Targets are 9573.25, 9591.50 and 9615.25.
Plan B : Short if market doesn't rebound much and failed to support above 9543.25. Targets are 9510.25, 9489.50 and 9470.25.
Plan C : Short if market rebounded but failed to support above 9585.25. Targets are 9552.25, 9530.50 and 9512.25.
WTI Crude
Oil prices edged higher on Thursday, as investors hoped the world's biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oil importer China.
Plan A : Remain buy as long as oil trades firmly above 50.8
Plan B : Cut below 50.3
Plan C : Consider selling if oil price fails to breach and holds firm above 51.5
Plan D : Cut above 52.0
Gold
Gold prices jumped to their highest in more than a week on Thursday after a sharp increase in the number of new coronavirus cases in China renewed fears over global economic impact and persuaded investors to seek lower-risk assets.
Plan A : Remain buy as long as gold price stays firm above 1566
Plan B : Cut below 1560
Plan C : Consider selling only if gold price surges but fails to breach above 1577
Plan D : Cut above 1580
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.
Created by Futurescoin | Jan 23, 2024
Created by Futurescoin | Jan 22, 2024
Created by Futurescoin | Jan 19, 2024
Created by Futurescoin | Jan 18, 2024
Created by Futurescoin | Jan 16, 2024