Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15078.68 with take profit at 15102.94.
Bearish Preference:
Sell position is envisaged if price trades below 15012.22 with take profit at 14988.62.
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
3:00pm USD ISM Services PMI
Comment: Shortly after the start of trading, the ISM will report in measure of services activity, expected to tick up slightly for July to 60.6. That could give an indication of the impact of new Delta variant cases as companies continue to issue new rules on masks and vaccines. The road to nonfarm payrolls kicks off before the bell with ADP’s measure of private-sector jobs. Economists are looking to for private payrolls to rise by 695K, up from 629K in June.
Analysis: SCRUM Team