Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14108.97 with take profit at 14147.44
Bearish Preference:
Sell position is envisaged if price trades below 13975.26 with take profit at 13938.63
Fundamentals:
1:30pm USD PPI m/m
Comment:
Wall Street turned rally to sell-off on Tuesday, reversing earlier gains as impending monetary tightening from the Federal Reserve once again pulled growth stocks back into red territory. The turnabout began in earnest shortly after remarks from Fed Governor Lael Brainard, who reiterated the need for the central bank to “expeditiously” take on decades-high inflation.
Analysis: SCRUM Team