Daily Market Analysis 07.12.2022: US30

Instrument: US30

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 33727  with take profit at 33790
Bearish Preference: 
Sell position is envisaged if price trades below 33571 with take profit at 33503
No major Fundamentals

U.S. stock futures were trading flat during Tuesday’s evening deals, after major benchmark averages extended declines during regular hours as prospects of higher interest rates and weakening economic data sapped risk appetite. Ahead in Wednesday’s session, investors will be looking toward MBA mortgage applications as well as preliminary nonfarm productivity and unit labor cost readings.

Analysis: SCRUM Team

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