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Daily Futures Trading Strategy 7 October 2021 (Foreign Market)

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Publish date: Thu, 07 Oct 2021, 03:57 PM
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We track market on a daily basis and we adjust our planning according to the market movement. It is very vital for traders to adapt and react to changes.We have prioritized group that gets our first hand info on trading. If you are interested, please drop us an email at futures.coin@gmail.com for further detail. On the other hand, please follow us at our blog http://futurescoin.blogspot.com/ as posting will be early in our blog than I3investor.

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

 
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E-Mini Dow

 
Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default.
 

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Plan A : Remain buy as long as market stays above 34272. Targets are 34443 and 34526.
 
Plan B : Consider short if market surges but fails to breach above 34526. Targets are 34443 and 34333.

 
 
E-Mini S&P 500

Soaring energy prices retreated and stocks on Wall Street rebounded on Wednesday after the top U.S. Senate Republican backed an extension of the U.S. debt ceiling and Russia calmed volatile natural gas markets in Europe.

Yields on one-month Treasury bills tumbled after Senate Minority Leader Mitch McConnell said his party would support an extension of the federal debt ceiling into December. 

U.S. private payrolls increased by 568,000 jobs in September as COVID-19 infections subsided, or 140,000 more than economists polled by Reuters had forecast, according to the employment report from ADP that pointed to a recovering jobs market.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
 

Plan A : Long if market supported firm above 4376. Targets are 4388 and 4400.
 
Plan B : Short if market failed to support above 4376. Targets are 4361, 4344 and 4325.

 

E-Mini Nasdaq

U.S. stock futures edged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier in the day as investor concerns about a debt ceiling deal eased.

The Nasdaq Composite rose 0.5%, after dropping as much as 1.2%.

On Wednesday Senate Minority Leader Mitch McConnell offered a short-term suspension of the U.S. debt ceiling to avert a national default and economic crisis, which economists have warned could be disastrous. On Tuesday Treasury Secretary Janet Yellen warned that they U.S. should "fully expect" a recession if that happens.

On the data front, initial jobless claims and consumer credit are due out on Thursday.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.
 

Plan A : Long if market supported firm above 14897. Targets are 14927, 14960 and 14991.
 
Plan B : Short if market failed to support above 14897. Targets are 14855, 14814 and 14770.
 

 
HSI
 
Hong Kong stocks closed at their lowest level in 12 months on Wednesday, falling in line with other Asian markets spooked by inflation fears and largely unmoved by the financial hub's leader Carrie Lam's annual policy address.
 

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Plan A : Attempt buy if market trades firmly above 23970. Targets are 24140 and 24250.

Plan B : Consider short if market surges but fails to breach above 24310. Targets are 24217 and 24161.

 
 
WTI Crude
 
Oil prices dropped nearly 2% on Wednesday after hitting a multi-year highs, as an unexpected rise in U.S. crude inventories prompted buyers to take a breather after recent torrid gains.
 

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Plan A : Remain sell as long as oil price stays below 77.9. Targets are 77.0 and 76.6.

Plan B : Consider long only if oil price trades firmly above 76.6 and rebound. Targets are 77.1 and 77.9.
 

 
Gold
 
Gold ticked up in tight trading on Wednesday on a retreat in U.S. Treasury yields, although a stronger dollar put a lid on gains for the safe-haven metal, with investors awaiting U.S. labor market due later this week.
 

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for October subscription.

 

Plan A : Remain buy if gold price trades firmly above 1755.7. Targets are 1770 and 1777.9.

 
Plan B : Consider short if gold price surges but fails to breach above 1770. Targets are 1761 and 1755.7.


 
 
 
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 that investment.    

 

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