Daily Market Analysis 23.03.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 14615.70 with take profit at  14651.70.
Bearish Preference: 
Sell position is envisaged if price trades below 14498.35 with take profit at 14468.60.
1:00pm USD Fed Chair Powell Speaks

U.S. stocks are seen opening marginally lower Wednesday, as investors continue to digest the recent moves by the Federal Reserve ahead of U.S. President Joe Biden’s trip to Europe to discuss further sanctions on Russia.

Analysis: SCRUM Team

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