Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13677.53 with take profit at 13696.74.
Bearish Preference:
Sell position is envisaged if price trades below 13634.68 with take profit at 13615.75
Fundamentals:
1:30PM USD Prelim GDP q/q
Comment: U.S. stocks closed out Wednesday’s session with modest gains as recent comments from Federal Reserve officials helped tamp down concerns about runaway inflation and kept bond yields in check. Multiple Fed officials have commented in recent days on inflation, maintaining the central bank views it as transitory and has the tools to clamp down if it begins to run too hot.
Analysis: SCRUM Team