Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16458.22 with take profit at 16498.65.
Bearish Preference:
Sell position is envisaged if price trades below 16330.93 with take profit at 16303.97.
Fundamentals:
4:00pm USD JOLTS Job Openings
Comment: U.S. stock futures were mostly flat in early trading Wednesday, a day after stocks continued their upward climb overnight from the omicron sell-off. Stocks have recovered this week from last week’s market rout on fears of the omicron Covid variant and a possible faster-than-expected taper of the Federal Reserve’s bond-buying program.
Analysis: SCRUM Team