Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13889.33 with take profit at 13930.36.
Bearish Preference:
Sell position is envisaged if price trades below 13744.52 with take profit at 13705.94.
Fundamentals:
No major fundamental
Comment:
Stocks rose on Friday as investors clung to hopes the global economy would continue to grow despite the war in Ukraine and yet more evidence central banks will need to tighten policy fast to tame inflation. Data on Thursday showed U.S. inflation at a four-decade high, prompting traders to raise their bets on rate hikes from the Federal Reserve beginning next week.
Analysis: SCRUM Team