Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12470.02 with take profit at 12488.26
Bearish Preference:
Sell position is envisaged if price trades below 12377.49 with take profit at 12358.03
Fundamentals:
No Major Fundamental
Comment:
U.S. stock index futures edged higher on Monday as markets braced for a Federal Reserve policy meeting during the week and earning reports from some of the biggest companies to gauge the impact of a strong dollar and soaring inflation. The dollar, trading near 20-year highs following an aggressive tightening cycle by the Fed, is expected to be a headwind for U.S. companies, especially those with a big global presence.
Analysis: SCRUM Team