Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12024.67 with take profit at 12084.50
Bearish Preference:
A Sell position is envisaged if the price trades below 11855.74 with take profit at 11789.85
Fundamentals:
None with High Impact
Comment:
U.S. stocks are seen opening higher Monday, as investors digested the moves over the weekend to protect the country’s banking system in the wake of the collapse of Silicon Valley Bank (NASDAQ:SIVB) as well as the potential impact on future Federal Reserve rate hikes.
Analysis: SCRUM Team