#WTI:
The COVID-19 pandemic in India will have a negative impact on the oil market. States and cities in most parts of India, including capital New Delhi and financial hub Mumbai, went into lockdown and curfew. India is the world’s third-biggest oil importer. The COVID-19 crisis in India continues to escalate and, in fact, shows no signs of abating. With daily cases continuing to reach new records day after day, the peak clearly hasn't been reached yet. With ongoing lockdowns and threats of new variants, the dire COVID-19 situation in India is the dominant headwind risk to oil currently.
Trading recommendation: range 61.50 -63.80.
#SP500:
The Board of Governors of the Federal Reserve System voted unanimously to maintain the interest rate paid on required and excess reserve balances at 0.10 percent, effective April 29, 2021. The Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward the Committee's maximum employment and price stability goals. These asset purchases help foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses. This is a positive signal for the US stock market!
Trading recommendation: Buy 4175 and take profit 4238.
#MasterCard:
The company pleased investors with its positive financial statements. The familiar payment card company's net revenue was $4.16 billion, 4% higher than the same period a year ago. Mastercard's adjusted net income made up to $1.7 billion, or $1.74 per share. Both headline figures beat economists of investment banks estimates, particularly the bottom-line result. On average, prognosticators following the stock were estimating the company would report $3.99 billion in revenue and only $1.57 in adjusted-per-share net profit. The company has done a good job growing its business, both organically and through acquisitions, in the challenging times we're all enduring.
Trading recommendation: buy 373.50 and take profit 381.60.