Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 12550.95 with take profit at 12591.13
Bearish Preference:
A Sell position is envisaged if price trades below price 12380.93 with take profit at 12331.65
Fundamentals:
No major fundamental
Comment:
U.S. stock index futures fell on Monday on worries over the Federal Reserve’s plan to keep raising interest rates in its fight against inflation even at the cost of an economic slowdown. Fed Chair Jerome Powell said on Friday that the U.S. economy would need tight monetary policy “for some time” before inflation is under control, knocking Wall Street’s main indexes down more than 3%.
Analysis: SCRUM Team