Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11367.50 with take profit at 11440.15
Bearish Preference:
Sell position is envisaged if price trades below 11210.15 with take profit at 1124.68
Fundamentals:
No major fundamental
Comment:
U.S. stock index futures fell on Monday, kicking off another week on softer footing, as investors worried that the Federal Reserve’s aggressive push to curb inflation may tip the American economy into recession. The Fed’s latest signal that high interest rates could last through 2023, sent the three major U.S. stock indexes tumbling between 4% and 5% last week, with the Dow Jones Index coming within spitting distance of a bear market on Friday.
Analysis: SCRUM Team