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Daily Market Analysis 24/08/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15425.54 with take profit at 15456.21.
Bearish Preference: 
Sell position is envisaged if price trades below 15290.04 with take profit at 15265.87.
Fundamentals:
No major fundamental

Comment: As stocks were up on Tuesday morning, with the first full approval for a COVID-19 vaccine expected to boost U.S. vaccination rates and assuaging some concerns over COVID-19’s impact on the global economic recovery. U.S. shares continued an upward trend, with the Nasdaq 100 hitting a fresh record after the FDA gave the Pfizer Inc. COVID-19 vaccine its full approval.

Analysis: SCRUM Team

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