Where Futures Lies

Daily Futures Trading Strategy 18 August 2022 (Foreign Market)

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Publish date: Thu, 18 Aug 2022, 03:06 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
 
U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve's meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September.
 

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Plan A: Remain short as long as market trades below 33984. Targets are 33789 and 33594.
 
Plan B: Consider long if market stays above 34180. Targets are 34375 and 34570.

 

E-Mini S&P 500
 
Stock market futures were mostly flat early Thursday morning after the Dow snapped a five-day winning streak and the recent rally fades.
 
The S&P 500 declined 0.7% for its first negative session in four. 

The minutes from the Federal Reserve’s latest meeting drove Wednesday’s market action. The central bank remains committed to fighting inflation, but indicated it could adjust its pace of tightening based on market conditions.

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Plan A: Long only if market supported firm above 4258. Targets are 4263 and 4270.

Plan B : Short if market failed to support above 4258. Targets are 4243 and 4235.


 
 
E-Mini Nasdaq
 
The market’s been watching economic data perhaps more so than usual in recent months, to try and determine the Federal Reserve’s course of action as the central bank works to fight inflation that’s running around the hottest in 40 years.

The Nasdaq Composite was the relative underperformer, dipping 1.25%.

Investors have been hoping that the Fed might slow the pace of its rate hikes after July’s consumer price index reading showed inflation cooling slightly. 

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Plan A: Long if market supported firm above 13409. Targets are 13435 and 13468.
 
Plan B : Short if market failed to support above 13409. Targets are 13372 and 13342.
 

 

HSI
The Hong Kong Hang Seng Index opened higher and held ground to finish up 0.5%, as traders weighed mainland China macroeconomic initiatives and modestly moved back into tech issues.

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Plan A: Remain short if the market stays below 20078. Targets are 19844 and 19688.

Plan B: Consider long only if the market stays above 20000. Targets are 20156 and 20313.

 
 
WTI Crude
Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown in U.S. crude stocks outweighed concerns over rising Russian output and exports as well as recession fears.

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Plan A: Remain short as long as oil price stays below 89.06. Targets are 85.94 and 84.38.

Plan B: Consider long only if oil price stays above 90.63. Targets are 91.41 and 92.19.

 
 
Gold
Gold pared some losses on Wednesday after minutes from a Federal Reserve meeting showed the pace of future hikes would depend on incoming economic data, while the dollar also added pressure on prices.
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Plan A: Remain short as long as gold price stays below 1793. Targets are 1773.4 and 1765.6.
Plan B: Attempts long only if gold price stays above 1789.1. Targets are 1793 and 1796.9.
 
 

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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