Daily Market Analysis 27.06.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 12229.59 with take profit at 12247.63
Bearish Preference: 
Sell position is envisaged if price trades below price 12117.16 with take profit at 12090.79
1:30pm    USD Core Durable Goods Orders            

U.S. stock index futures edged higher on Monday, setting up Wall Street to extend gains from the previous week after a slide in commodity prices eased worries of prolonged inflation. The U.S. central bank has rapidly raised interest rates to rein in 40-year-high inflation, stoking fears its actions could tip the world’s largest economy into a recession.

Analysis: SCRUM Team

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