Instrument: US100
Technical Analysis
Bullish Preference:
buy position is envisaged if price trades above 13460.49 with take profit at 13483.40
Bearish Preference:
sell position is envisaged if price trades below 13410.83 with take profit at 13389.35
Fundamentals:
USD Empire State Manufacturing Index 1:30 PM
Comment:
U.S. stock index futures edged higher on Monday on optimism over a likely deal to raise the U.S. debt limit as a deadline edged closer, while investors awaited comments from Federal Reserve policymakers through the week. President Joe Biden said over the weekend he expects to meet with congressional leaders on Tuesday and remained optimistic about agreeing on a deal to raise the nation’s $31.4 trillion borrowing limit.
Analysis: SCRUM Team