Instrument: US30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 33537 with take profit at 33596
Bearish Preference:
A Sell position is envisaged if price trades below price 33351 with take profit at 33293
Fundamentals:
No Major Fundamentals
Comment:
Dow futures rose to start the last week of the year, as optimism over China’s restrictive COVID policies ending sparked hope of a Santa rally. Chinese officials announced that quarantining would no longer be required for inbound travelers as of January 8th, 2023. Only a negative PCR test would be required, a decrease in requirements that has already led to a spike in travel bookings from Chinese consumers.
Analysis: SCRUM Team
