Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14841.91 with take profit at 14878.24.
Bearish Preference:
Sell position is envisaged if price trades below 14668.88 with take profit at 14627.36.
Fundamentals:
5:30pm USD Treasury Sec Yellen Speaks
Comment: Stock markets dropped on Friday, following on from a late slump in the U.S. as fears about the pace of monetary policy tightening and weaker-than-expected earnings from companies that soared in the pandemic hit investor confidence. The Nasdaq, the standout performer of the stock market boom since the pandemic started, has fallen more than 10% from its peak and is on track for its worst week since 2020. Futures point to more losses on U.S equity markets when Wall Street opens.
Analysis: SCRUM Team