Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 12780.64 with take profit at 12865.83
Bearish Preference:
A Sell position is envisaged if price trades below price 12583.73 with take profit at 12492.86
Fundamentals:
No major fundamental
Comment:
U.S. stocks are seen opening higher Monday, continuing the positive tone seen at the end of last week ahead of the release of key inflation data which could guide the Federal Reserve’s thinking. The major equity averages started September on a strong note, snapping a three-week losing streak, with the S&P 500 closing up 3.7% in the first full week of the month, the NASDAQ Composite jumping 4.1% and the Dow Jones Industrial Average climbing 2.7%.
Analysis: SCRUM Team