Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34524 with take profit at 34569.
Bearish Preference:
Sell position is envisaged if price trades below 34401 with take profit at 34353.
Fundamentals:
7:00 pm USD FOMC Meeting Minutes
Comment: U.S. stocks are seen edging higher at the open Wednesday, cautiously rebounding after the previous session’s losses ahead of the release of the keenly awaited minutes from the last Federal Reserve meeting. With this in mind, investors will study the minutes of the latest FOMC meeting, at 7 PM, for clues on the future direction of the Federal Reserve’s monetary policy, particularly regarding the tapering of its bond-buying program.
Analysis: SCRUM Team