Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14560.75 with take profit at 14606.75.
Bearish Preference:
Sell position is envisaged if price trades below 14470.02 with take profit at 14420.53.
Fundamentals:
No Major fundamental
Comment:
U.S. stock index futures were just above the flatline in morning trading Tuesday as the market awaits key inflation data later this week. Wall Street is on edge watching how the Federal Reserve will react to the intensifying price pressures. Bank of America on Monday reiterated its call for the Fed to hike rates 1.75 percentage points, or seven times, this year in an effort to head off inflation pressures which have been accelerated by rising rates.
Analysis: SCRUM Team