EUR/USD 1.14056
0.070%
Gold 4115.16
0.921%
Oil 84.696
0.593%
USD/JPY 163.132
-0.033%
GBP/USD 1.33861
0.089%
GBP/JPY 218.375
0.069%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Situation: 1. Ukrainian President Zelensky: Under the leadership of the new Commander-in-Chief of the Armed Forces, Ukraine will continue to conduct deep strikes against Russian targets. 2. Russian Ministry of Defense: Russian troops attacked infrastructure used by the Ukrainian military at the port of Odessa. 3. Russian Ministry of Defense: Russian troops have taken control of the settlement of Volkhovskoye in the Kharkiv region. 4. Ukraines state-owned oil and gas company stated that Russia attacked natural gas production facilities in the Kharkiv region on Monday. 5. Zelensky dismissed Commander-in-Chief Sersky and appointed Dragati as Commander-in-Chief of the Ukrainian Armed Forces. 6. Ukrainian President Zelensky: Offered former Ukrainian Defense Minister Fedorov an "important position" to oversee work in the defense science and technology sector. Other Situations: 1. British Defense Secretary: (Regarding Russian military exercises near the British coast) This is irresponsible. 2. Kazakhstan will suspend oil shipments to the Black Sea following the tanker attack. 3. Indian government officials: India summoned senior Russian diplomats regarding the deaths of four Indian crew members near a Ukrainian port. 4. According to the Wall Street Journal: BAE Systems said that Ukraine has reached an agreement to produce its L119 howitzer.July 22nd - Driven by overnight gains in US tech stocks, South Koreas semiconductor sector surged in early trading. As of 9:11 AM local time (8:11 AM Beijing time), Samsung Electronics rose 5.79% to 274,000 won; SK Hynix rose 8.50%, briefly touching 2 million won, its first such move since July 15th. Overnight in the US, Nvidia rose 1.97% as its next-generation AI server platform, Vera Rubin, entered mass production and began supplying major customers; Micron surged 12.17%, and Broadcom rose 2.21%, driving the Philadelphia Semiconductor Index up 5.21%. Additionally, SK Hynixs ADR rose 13.75% overnight, closing at $171.94. In terms of fund flows, foreign investors are currently net buyers of 717.6 billion won in the South Korean electrical and electronics sector, while individual and institutional investors are net sellers of 370.6 billion won and 345.8 billion won, respectively.July 22 (Futures News) – Crude oil continued its upward trend, boosting confidence among fuel oil market participants to support higher prices. Refineries increased supply and were reluctant to sell at low prices, but downstream traders moderately replenished their inventories and remained cautious in their purchases. Market buying activity was slow, and fuel oil prices steadily climbed. It is expected that todays trading will see some areas remain stable while others may see slight increases.Futures News, July 22nd - According to foreign media reports, Brent crude oil futures rose on Tuesday, hitting a five-week high, influenced by the US-Iran conflict and the Houthi threat to impose a naval blockade on Saudi Arabia. This will help boost the early performance of Malaysian crude palm oil futures. The El Niño phenomenon, which may threaten palm oil production in Southeast Asia, also provides support for prices. The Malaysian Meteorological Department stated that with the strengthening of El Niño, Malaysia will experience record-breaking high temperatures next year, raising concerns about declining palm oil production. However, weak demand for Malaysian palm oil exports will limit the markets rebound momentum.Spot gold touched the $4,100/ounce mark for the first time in a week.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Showing Early Signs of Closing Price Reversal Bottom

Skylar Shaw

May 11, 2022 11:18

Risk appetite seemed to be heating up again following Monday's severe sell-off, with June E-mini S&P 500 Index futures trading higher at the cash market start on Tuesday, although concerns over economic growth weighed on mood.


A combination of monetary tightening by major central banks and a slowdown in economic growth has fuelled this month's shattering collapse in the benchmark index.


June E-mini S&P 500 Index futures were trading at 4048.75 at 13:30 GMT, up 51.25 or 1.54%. The S&P 500 Trust ETF (SPY) closed at $398.23 on Monday, down $13.11 or -3.19 percent. Based on the behavior of the futures market, traders anticipate a higher opening.


The index's overnight bounce was most likely a technical response to the market's first dip below the 4000.00 barrier since March 2021. As the market moved, it reached many oversold oscillator levels, attracting bottom-pickers.


Investors may also be adjusting their holdings ahead of Wednesday's important Consumer Price Index (CPI) release in the United States.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the primary trend is down, but the market is displaying signals of a change in momentum. A move through 3961.75 marks the start of a new downtrend, while a move through 4303.00 marks the start of a new uptrend.


4303.00 to 3961.75 is the minor range. The closest resistance is around 4132.50 to 4172.75, which is the retracement zone.


4509.00 to 3961.75 is the short-term range. Its 50% level of 4235.50 serves as extra resistance.

Technical Forecast for the Daily Swing Chart

Trader response to 3987.50 is expected to influence the direction of the June E-mini S&P 500 Index on Tuesday.

Positive Outlook

The presence of buyers will be shown by a prolonged advance over 3987.50. We might witness a burst through the minor 50 percent mark at 4132.50 if this move creates enough upward momentum. On the first challenge of this level, sellers are likely to enter. If it fails to hold as support, the Fibonacci level at 4172.75 is likely to be tested.

Bearish Prospects

The presence of sellers will be shown by a persistent move below 3987.50. This may result in a retest of the intraday low of 3961.75. If this level is not held, the selling might continue till the primary bottom at 3904.75 on March 30, 2021.

Suggestion