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Daily Market Analysis 07|04|2021: US30

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Daily Analysis / Online Education

Daily Market Analysis 07|04|2021: US30

Instrument: US30

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 33379 with take profit at 33409.
Bearish Preference: 
Sell position is envisaged if price trades below 33255 with take profit at 33226.
Fundamentals:
7:00pm USD FOMC Meeting Minutes 

Comment:  U.S. stocks are seen opening largely unchanged Wednesday, remaining near record levels, with focus on the release of the latest Federal Reserve minutes.
However, the overall mood is one of optimism, with all three major averages coming off their fourth straight positive quarter, as an impressive vaccination program, continued fiscal and monetary stimulus and strong data all point to a sharp economic recovery

Analysis: SCRUM Team

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