Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16419.96 with take profit at 16438.33
Bearish Preference:
Sell position is envisaged if price trades below 16360.93 with take profit at 16342.42
Fundamentals:
None with high impact on the index.
Comment: One of the leading pharmaceutical company that makes up the index AstraZeneca PLC said that Phase 3 trials on its AZD7442 antibody combination confirmed that the treatment reduces risk of developing symptomatic Covid-19. Which inturn might be giving US100 the boost to retest the most recent high.
Analysis: SCRUM Team