Daily Market Analysis 31.10.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if the price trades above 11573.35 with take profit at 11589.95
Bearish Preference: 
Sell position is envisaged if the price trades below 11479.63 with take profit at 11454.74
None with high impact

U.S. stocks are seen opening lower Monday, handing back some of the month’s strong gains as investors await a crucial policy-setting meeting by the Federal Reserve. Yet, despite these expected losses, the main U.S. equity indices are all on course to post a positive October, snapping a two-month losing streak. The blue-chip Dow Jones Industrial Average is leading the way, currently up over 14% this month, which would be its best month since 1976.

Analysis: SCRUM Team

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