Instrument: US100+
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11696.12 with take profit at 11745.48
Bearish Preference:
Sell position is envisaged if price trades below 11591.71 with take profit at 11538.55
Fundamentals:
No major fundamental
Comment:
Investors will be looking closely at Friday’s U.S. jobs report to assess how much impact the Federal Reserve’s rate hikes are having on the economy. Several Fed officials are also due to speak during the week, as markets try to gauge their appetite for another 75 basis-point rate hike at the bank’s November meeting. U.S. equity markets look set to remain volatile after closing the books on their third straight quarterly decline on Friday. In the U.K.
Analysis: SCRUM Team