FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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Spurring inflows in global stock markets for a fifth day, data showed the world’s second-largest economy ended 2019 on a somewhat firmer note, even as economic growth cooled to its weakest in nearly 30 years in the last year.
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Plan A : Continue to hold long if market stays firm above 29245. Targets are 29275, 29320 and 29365.
Plan B : Cut below 29210.
Plan C : Consider to short if market falls below 29240. Targets are 29205, 29160 and 29115.
Plan D : Cut above 29275.
U.S. stock markets were closed on Monday for Martin Luther King Jr. Day holiday, but closed Friday’s session slightly higher to cap off another record-setting week.
The International Monetary Fund (IMF) on Monday downgraded its global economic growth forecast from 3.4% to 3.3% for 2020. The U.S. economy is projected to grow by 2.0% this year, a downward revision of 0.1 percentage points compared with the IMF’s October 2019 forecast.
Investors will be watching the U.S. Redbook data for January, due at 8:55 a.m. ET on Tuesday.
Plan A : Long if market supported firm above 3314.50. Targets are 3328.75, 3336.25 and 3345.75.
Plan B : Short if market doesn't rebound much but failed to support above 3314.50. Targets are 3300.25, 3291.25 and 3279.25.
U.S. stock index futures were lower on Tuesday as concerns over a new strain of pneumonia in China spooked risk investment worldwide.
At around 2:15 a.m. ET, Dow futures dropped 96 points, indicating an implied negative open of more than 125 points. Futures on the S&P 500 and Nasdaq were also lower.
The outbreak of a new coronavirus in China has killed four people with confirmed cases exceeding 200 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel. Late on Monday, Chinese authorities confirmed that the virus is contagious.
Experts called back the economic fallout from the deadly Severe Acute Respiratory Syndrome (SARS) crisis in 2003, and the news sent investors fleeing from risk assets in Asia overnight, a trend which looks set to continue into the open on Wall Street.
Plan A : Long if market supported firm above 9136.50. Targets are 9165.50, 9189.25 and 9212.75.
Plan B : Short if market doesn't rebound much but failed to support above 9136.50. Targets are 9102.25, 9068.25 and 9041.50.
HSI
Hong Kong shares fell on Monday, led by consumer stocks, reflecting pessimism toward the local economy as the city’s tourism industry reels under the impact of prolonged anti-government protests.
The Hang Seng index fell 0.9% to 28,795.91.
WTI Crude
Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid military blockade, risking reducing crude flows from OPEC members to trickle.
Plan A : Attempt selling if oil price stays trading below 58.9
Plan B : Cut above 59.7
Plan C : Consider buying if oil price supports resiliently above 58.6
Plan D : Cut below 58.2
Gold
Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal's safe-haven appeal, while buying ahead of the Chinese New Year also lent support.
Plan A : Attempt buying if gold price trades firmly above 1556.7
Plan B : Cut below 1549.2
Plan C : Consider selling if gold price surges but fails to breach above 1562
Plan D : Cut above 1563.1
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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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.
FUTURESCOIN IS GOING GLOBAL
WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.
Click here to contact us : https://goo.gl/B6Dccf
Spurring inflows in global stock markets for a fifth day, data showed the world’s second-largest economy ended 2019 on a somewhat firmer note, even as economic growth cooled to its weakest in nearly 30 years in the last year.
To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for February subscription.
Plan A : Continue to hold long if market stays firm above 29245. Targets are 29275, 29320 and 29365.
Plan B : Cut below 29210.
Plan C : Consider to short if market falls below 29240. Targets are 29205, 29160 and 29115.
Plan D : Cut above 29275.
U.S. stock markets were closed on Monday for Martin Luther King Jr. Day holiday, but closed Friday’s session slightly higher to cap off another record-setting week.
The International Monetary Fund (IMF) on Monday downgraded its global economic growth forecast from 3.4% to 3.3% for 2020. The U.S. economy is projected to grow by 2.0% this year, a downward revision of 0.1 percentage points compared with the IMF’s October 2019 forecast.
Investors will be watching the U.S. Redbook data for January, due at 8:55 a.m. ET on Tuesday.
Plan A : Long if market supported firm above 3314.50. Targets are 3328.75, 3336.25 and 3345.75.
Plan B : Short if market doesn't rebound much but failed to support above 3314.50. Targets are 3300.25, 3291.25 and 3279.25.
U.S. stock index futures were lower on Tuesday as concerns over a new strain of pneumonia in China spooked risk investment worldwide.
At around 2:15 a.m. ET, Dow futures dropped 96 points, indicating an implied negative open of more than 125 points. Futures on the S&P 500 and Nasdaq were also lower.
The outbreak of a new coronavirus in China has killed four people with confirmed cases exceeding 200 ahead of the Lunar New Year holiday, during which hundreds of millions of people are expected to travel. Late on Monday, Chinese authorities confirmed that the virus is contagious.
Experts called back the economic fallout from the deadly Severe Acute Respiratory Syndrome (SARS) crisis in 2003, and the news sent investors fleeing from risk assets in Asia overnight, a trend which looks set to continue into the open on Wall Street.
Plan A : Long if market supported firm above 9136.50. Targets are 9165.50, 9189.25 and 9212.75.
Plan B : Short if market doesn't rebound much but failed to support above 9136.50. Targets are 9102.25, 9068.25 and 9041.50.
HSI
Hong Kong shares fell on Monday, led by consumer stocks, reflecting pessimism toward the local economy as the city’s tourism industry reels under the impact of prolonged anti-government protests.
The Hang Seng index fell 0.9% to 28,795.91.
WTI Crude
Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid military blockade, risking reducing crude flows from OPEC members to trickle.
Plan A : Attempt selling if oil price stays trading below 58.9
Plan B : Cut above 59.7
Plan C : Consider buying if oil price supports resiliently above 58.6
Plan D : Cut below 58.2
Gold
Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal's safe-haven appeal, while buying ahead of the Chinese New Year also lent support.
Plan A : Attempt buying if gold price trades firmly above 1556.7
Plan B : Cut below 1549.2
Plan C : Consider selling if gold price surges but fails to breach above 1562
Plan D : Cut above 1563.1
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 and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correctaysion, 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.