Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13557.00 with take profit at 13637.23
Bearish Preference:
Sell position is envisaged if price trades below 13375.75 with take profit at 13293.62
Fundamentals:
1:30pm USD Unemployment Claims
Comment:
Flex Earnings Beat, Revenue Misses In Q4 fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. Investors holding beaten-up electric vehicle stocks are bracing for a slate of first-quarter earnings reports, which roll out over the next few days. The asset group has had a rough ride, with the S&P Kensho Electric Vehicles Index off 25% since the beginning of 2022 and down 43% from its February 2021 peak. The index tracks EV makers like Tesla and Honda as well as major auto industry suppliers like Visteon and Lear.
Analysis: SCRUM Team