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Daily Market Analysis 02.02.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15264.66 with take profit at 15339.80.
Bearish Preference: 
Sell position is envisaged if price trades below 15131.70 with take profit at 15033.43.
Fundamentals:
2:15pm USD ADP Non-Farm Employment Change

Comment: U.S. stock futures were pointing to a technology-sector-led jump on Wednesday after banner results from Google parent Alphabet and microchip maker Advanced Micro Devices. On the economics front, ADP is set to report its estimate of private-sector payrolls, which is expected to show a sharp slowdown in hiring in January. The government’s payrolls report comes Friday.

Analysis: SCRUM Team

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