Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13872.62 with take profit at 13898.26
Bearish Preference:
Sell position is envisaged if price trades below 13800.52 with take profit at 13769.51.
Fundamentals:
None with high impact on the index.
Comment: Major averages closed near the flatline on Tuesday as stocks remained range bound near record highs. Traders are staying on the sidelines before the latest inflation figures on Thursday, to gauge whether higher price pressures are temporary as the economy rebounds from the coronavirus pandemic.
Analysis: SCRUM Team