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Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12125.85 with take profit at 12138.67
Bearish Preference:
A Sell position is envisaged if the price trades below 12081.49 with take profit at 12069.20
Fundamentals:
4:00pm USD ISM Services PMI
Comment:
Overnight comments from Federal Reserve officials offered some clarity on where U.S. interest rates could peak this year, with Atlanta Fed President Raphael Bostic backing a 25 basis point hike during the March meeting.
Analysis: SCRUM Team
