Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16442.78 with take profit at 16461.11 .
Bearish Preference:
Sell position is envisaged if price trades below 16368.34 with take profit at 16347.05.
Fundamentals:
No Major Fundamental
Comment: U.S. stock-index futures rose Sunday, indicating a positive start for Wall Street on the first trading day of 2022. Stocks fell Friday on the last trading day of 2021 with the Nasdaq Composite COMP, -0.61% dropped 96.59 points, or 0.6%, to end at 15,644.97. Nasdaq will start the year with a number of concerns, including the surge in COVID-19 cases spurred by the rapid spread of the omicron variant and the likelihood of multiple interest-rates hikes by the Fed, expected later this year.
Analysis: SCRUM Team