Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 12849 with take profit at 12882.86
Bearish Preference:
A Sell position is envisaged if price trades below price 12736.03 with take profit at 12686.71
Fundamentals:
1:30 PM Core CPI
Core CPI m/m
Comment:
Apple Inc. shares rallied the most since May as pre-order data showed the iPhone 14 Pro Max was the best selling model, surpassing what the older version did in a similar timeframe. Shares of the tech giant jumped as much as 4.4% on Monday, their biggest intraday gain in four months, as analysts from JPMorgan (NYSE:JPM) to Barclays (LON:BARC) pointed to strong demand for the latest mobile phone series which was unveiled at its product launch event last week. “Pre-order data shows that the iPhone 14 Pro Max is the best-selling model, and that it is doing better than the iPhone 13 Pro Max did at this point,” KGI Securities analyst Christine Wang said in a report. The pricing of the iPhone 14 series is positive for its future sales, she added.
Analysis: SCRUM Team