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Daily Market Analysis 26/07/2021: US100

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Daily Analysis / Online Education

Daily Market Analysis 26/07/2021: US100

Instrument:US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15137.06 with take profit at 15167.49.
Bearish Preference: 
Sell position is envisaged if price trades below 15033.39 with take profit at 15011.41.
Fundamentals:
No major fundamental.

Comment: U.S. stocks are seen opening higher Friday, boosted by strength in the tech sector after positive earnings from social media giants Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).The question remains whether strong earnings will be enough to propel markets higher, with the tech-heavy index having already tested the 15,000 level.

Analysis: SCRUM Team

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