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Daily Futures Trading Strategy 12 January 2022 (Foreign Market)

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Publish date: Fri, 12 Jan 2024, 02:54 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
 
The main U.S. indexes gyrated on Thursday before managing to end the session barely changed. the market showed resilience despite hotter-than-expected CPI data and signs of labor market strength, which could serve to dampen hopes for early interest rate cuts by the Federal Reserve this year.

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Plan A: Remain long as long as market trades above 37500. Targets are 37792 and 37890.
 
Plan B: Consider short if market stays below 37500. Targets are 37402 and 37304.





E-Mini S&P 500

Stocks ended Thursday near the flat line after a fresh round of inflation data reflected an uptick in consumer prices for December.

December’s consumer price index report came out slightly higher-than-expected, reflecting a 0.3% increase in consumer prices for the month, pushing the annual rate to 3.4%. Economists polled by Dow Jones had predicted that the CPI rose 0.2% in December and 3.2% on a year-over-year basis.

Core CPI, excluding volatile food and energy prices, came in line with expectations, however, pointing to persistent—yet easing—inflation pressures. The data released on Thursday suggests that future interest rate cuts may be slower to come.

 
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Plan A: Long if market supported firm above 4760. Targets are 4779 and 4788.

Plan B: Short if market failed to support above 4760. Targets are 4751 and 4745.


E-Mini Nasdaq

 

Yields initially rose on the back of the CPI data, with the rate on the 10-year note reaching a high of 4.068% before slipping to about 3.98%.

 

Thursday’s market action is, in part, influenced by tempered expectations surrounding the Federal Reserve’s rate cut timeline as well as earnings jitters, according to CFRA chief investment strategist Sam Stovall.
 
Elsewhere in Thursday’s market, bitcoin ETFs rose on their first day of trading as crypto prices also edged up. Bitcoin briefly hit the $49,000 mark earlier Thursday before falling to above $46,000. The moves follow Wednesday’s approved rule changes from the U.S. Securities and Exchange Commission which opened the door for bitcoin exchange-traded funds and expanded investors’ access to the flagship crypto.

 

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Plan A: Long if market retraced but supported firm above 16714. Targets are 16745 and 16778.
 
Plan B: Short if market fall below 16714. Target are 16685 and 16659

 
HSI
Hong Kong shares enjoyed a rare rally on Thursday as Asian markets advanced following a positive lead from Wall Street, with focus on the release of US inflation data later in the day.

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Plan A: Remain short if the market stays below 16406. Targets are 16094 and 15938.

Plan B: Consider long only if the market stays above 16406. Targets are 16563 and 16719.

WTI Crude
West Texas Intermediate (WTI) crude oil closed higher on Thursday as geopolitical worries over potential Middle East supply disruptions after Iran seized a tanker in the Gulf of Oman, though demand concerns continue.

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Plan A: Remain long as long as oil price stays above 71.88. Targets are 73.83 and 74.22.

Plan B: Consider short only if oil price stays below 71.88. Targets are 71.48 and 71.09.

 
Gold
Gold eased on Thursday to a one-month low as the dollar ticked higher after hotter-than-expected inflation data, while hawkish remarks from Federal Reserve officials fuelled worries that higher interest rates could stay unchanged beyond March.
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Plan A: Remain short as long as gold price stays below 2054.68. Targets are 2031.25 and 2015.62.
Plan B: Attempts long only if gold price stays above 2054.68. Targets are 2062.50 and 2070.31.
 
 

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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