Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 13778.40 with a take profit at price 13811.33.
Bearish Preference:
A Sell position is envisaged if price trades below 13699.40 with take profit at price 13666.65.
Fundamentals:
3:00pm USD ISM Manufacturing PMI
Comment: Traders are returning from Memorial Day with renewed optimism as stock index futures point higher following the bank holiday that kicked off a new trading session. May’s non-farm payrolls report, set to be released on Friday, is likely to be the next catalyst for the markets. Depending on the figure, it could support stocks or change perceptions of the economy’s strength or coming stimulus measures.
Analysis: SCRUM Team