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Daily Futures Trading Strategy 18 January 2022 (Foreign Market)

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Publish date: Thu, 18 Jan 2024, 03:51 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 followed their European counterparts to a lower close on Wednesday and U.S. Treasury yields resumed their uphill climb as robust economic data chilled bets that the Federal Reserve could begin reducing its policy rate as early as March.
 

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Plan A: Remain short as long as market trades below 37500. Targets are 37207 and 37109.
 
Plan B: Consider long if market stays above 37500. Targets are 37597 and 37695.



E-Mini S&P 500

Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data.

The S&P 500 slid 0.56% to close at 4,739.21.

Retail sales data for December came in stronger-than-expected, indicating a resilient consumer and putting aggressive rate cuts from the Federal Reserve into doubt. Retail sales were up 0.6% from November, and gained 0.4% month-over-month, excluding autos. Economists polled by Dow Jones had estimated a 0.4% month-to-month increase in retail sales and 0.2% ex-autos.
 
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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

The 10-year Treasury yield was last trading nearly 4 basis points higher at 4.102%, continuing its rise from Tuesday after Federal Reserve Governor Christopher Waller warned easing monetary policy may come slower than anticipated.

So far, traders are pricing in a roughly 57% chance that the Federal Reserve begins cutting rates in March as hopes mount for a pivot, according to CME Group’s FedWatch tool.

 

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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 stocks tanked on Wednesday on worries about China's economy.

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Plan A: Remain short if the market stays below 15781. Targets are 15156 and 14844.

Plan B: Consider long only if the market stays above 15781. Targets are 15938 and 16250.

 

WTI Crude
West Texas Intermediate (WTI) crude oil closed with a small gain on Wednesday despite weak economic data from China, the largest importer, even as OPEC left its 2024 demand forecast unchanged in its influential Monthly Oil Market Report.

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Plan A: Remain short as long as oil price stays below 73.44. Targets are 71.88 and 70.31.

Plan B: Consider long only if oil price stays above 73.44. Targets are 74.22 and 75.00.

 
Gold
Gold prices fell to a more than one-month low on Wednesday as strong economic data strengthened dollar and Treasury yields and lowered market expectations of a U.S. rate cut in March.
To subscribe to a real-time signal, email us at futures.coin@gmail.com for details. Sign up today for your Jan subscription.
Plan A: Remain short as long as gold price stays below 2046.87. Targets are 2023.43 and 2007.81.
Plan B: Attempts long only if gold price stays above 2046.87. Targets are 2054.68 and 2062.50.
 
 

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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