Daily Market Analysis 26.05.2023: US30

Instrument: US30

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 14052.41 with take profit at 14074.56.
Bearish Preference: 
Sell position is envisaged if price trades below 14014.52 with take profit at 13991.47.
1:30 PM USD  Core PCE Price Index
1:30 PM USD Goods trade balance
3:00 PM USD Revised UoM sentiment

U.S. stocks are seen opening marginally higher Friday, with investors awaiting more news over the negotiations to lift the U.S. debt ceiling as well as the release of the Federal Reserve’s favorite gauge of inflation.

Analysis: SCRUM Team

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