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Daily Market Analysis 17|02|2021: US30

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Daily Analysis / Online Education

Daily Market Analysis 17|02|2021: US30

Instrument: US30

Technical Analysis

Bullish Preference: 
Buy is envisaged if price trades above 31504 with take profit at 31550
Bearish Preference: 
Sell is envisaged if price trades below 31432 with take profit at 31376
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m

Comment: The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.
Investors will also focus this week on the minutes from the Federal Reserve’s January meeting, where it reaffirmed its pledge to maintain a dovish policy stance.

Analysis: SCRUM Team

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