Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34762 with take profit at 34789
Bearish Preference:
Sell position is envisaged if price trades below 34712 with take profit at 34684
Fundamentals:
No major Fundamental.
Comment:
U.S. stocks are seen opening largely flat Monday, with investors talking a cautious stance ahead of the release of key minutes from the last Federal Reserve meeting while monitoring developments in Ukraine. The main Wall Street indices posted healthy gains on Friday, with the blue-chip Dow Jones Industrial Average closing 140 points of 0.4% higher, while both the broad-based S&P 500 and the tech-heavy Nasdaq Composite gained 0.3%. The economic highlight of the new week will be Wednesday’s minutes of the Federal Reserve’s March meeting, which will likely give investors an update on how officials view the monetary policy outlook following the central bank’s decision to lift interest rates last month by a quarter of a percentage point.
Analysis: SCRUM Team