Instrument: US30
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 31664 with take profit at 31725
Bearish Preference:
A sell position is envisaged if price trades below 31534 with a take profit at 31472
Fundamentals:
5:10pm USD FOMC Member Bowman Speaks
9:00pm USD FOMC Member Daly Speaks
Comment: U.S. stocks has edge lower since the end of the previous week, consolidating after recent gains with investors remaining confident vaccinations and additional fiscal stimulus will result in a reasonably prompt economic recovery. Stock markets have benefited from the expectation of additional stimulus from the new administration, and a House committee on Thursday approved a proposal to give airlines another $14 billion as part of President Joe Biden’s $1.9 trillion Covid-19 relief bill.
Analysis: SCRUM Team