Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above price 13732.21 with take profit at 13753.94.
Bearish Preference:
A sell position is envisaged if price trades below price 13652.56 with take profit at price 13618.58.
Fundamentals:
No major fundamental.
Comment: US1OO Market were rather uneventful last week with volatility cooling off as we head into the lull of summer. US100 and S&P 500 enjoyed modest gains last week as the three indices advanced roughly 1.1%, 2.3% and 1.3% respectively. Inflationary concerns and talk of the Fed’s monetary policy reaction drove much of the price action and were the suspected catalysts behind initial price movement on Monday and Tuesday. As the week progressed volume and volatility died down and the major indices maintained a tight trading range into the weekend.
Analysis: SCRUM Team