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Author: Futurescoin   |   Latest post: Tue, 11 May 2021, 4:32 PM

 

Daily Futures Trading Strategy 13 April 2021 (Foreign Market)

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

 

 
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E-Mini Dow

 
The S&P 500 and Dow ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week.
 

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Plan A : Remain buy as long as market trades firmly above 33559. Targets are 33699 and 33939. 
 
Plan B : Consider short if market surges but fails to breach above 33699. Targets are 33559 and 33372.

 
 
E-Mini S&P 500
 

U.S. stocks hovered near their record levels on Monday as dull trading resumed before the release of widely-watched inflation data and the start of first-quarter corporate earnings.

The S&P 500 dipped less than 1 point to 4,127.99 after closing at a record high in the previous session. 

Wall Street has been relatively quiet with the S&P 500 moving within 1% for five sessions in a row. Market volatility has declined to pre-pandemic levels amid rising reopening optimism. The Cboe Volatility Index, AKA the VIX or the market’s fear gauge, has traded below 18 for the past four days, a level unseen since February 2020.

This week is also packed with Federal Reserve speeches and key economic data including a hotly anticipated inflation reading Tuesday, when the U.S. consumer price index is released. Economists polled by Dow Jones anticipate a 0.5% gain in CPI month over month and a 2.5% increase from last year’s level.

Fed Chairman Jerome Powell on Sunday reiterated that the Fed wants to see inflation rise above its 2% for an extended period before officials move to raise interest rates.

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Plan A : Long if market retraced but supported firm above 4109. Targets are 4125, 4141 and 4156. 

Plan B : Short if market failed to support above 4109. Targets are 4085, 4061 and 4038.

 

E-Mini Nasdaq
 

U.S. stock futures were mostly flat on Monday evening ahead of a highly anticipated inflation report set for release before Tuesday’s opening bell on Wall Street.

The move in futures comes ahead of the March reading for the consumer price index, scheduled to be released at 8:30 a.m. ET. Economists polled by Dow Jones are projecting the headline index to rise by 0.5% month-over-month and 2.5% year-over-year.

Markets were quiet on Monday, with the three major indexes pulling back slightly. The S&P 500 finished just a hair under its previous record close, while the Dow slipped 55 points. The Nasdaq Composite was the laggard, shedding 0.4%.

The bond market was also subdued on Monday, with the 10-year Treasury yield edging slightly higher to trade near 1.67%. Yields move inversely to prices.

The market has been calm over the past week as Wall Street settled into a lull ahead of the first-quarter earnings season. Corporate news is set to pick up later in the week, with JPMorgan Chase, Goldman Sachs and Delta Air Lines among the companies set to report quarterly results.

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

 
Plan A : Long if market retraced but supported firm above 13765. Targets are 13796, 13829 and 13860.
 
Plan B : Short if market failed to support above 13765. Targets are 13722, 13685 and 13630.
 

 
HSI
 
Hong Kong stocks fell on Monday, tracking losses in the A-share market, as latest data pointed to signs of liquidity tightening on the mainland.
 

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Plan A : Attempt short if market rebounds but fails to breach above 28639. Targets are 28366 and 28029.

 
Plan B : Consider buy only if market able to hold resilient above 28366 and rebound. Targets are 28487 and 28540.
 
 
 
WTI Crude
 
Oil prices rose slightly on Monday on optimism over the pace of coronavirus vaccinations in the United States and after the Yemen-based Houthi movement said it fired missiles on Saudi oil sites.
 

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

 

Plan A : Remain short as long as oil price stays below 59.8. Targets are 58.8 and 57.6.

Plan B : Consider long only if oil price able to trade firmly above 59.8 and surges. Targets are 60.8 and 61.4.

 
 
Gold
 
Gold fell on Monday as an uptick in U.S. Treasury yields weighed on bullion's appeal, while investors awaited key U.S. inflation and retail sales data to gauge the health of the economy.
 
 
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for April subscription.
 
 
Plan A : Remain sell as long as gold price stays trading below 1752.4. Targets are 1730.3 and 1725.2
 
Plan B : Consider long only if gold price remain resilient above 1730.3 and rebound. Targets are 1752.4 and 1760.
 
 
 

 

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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