Instrument: US30
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 33143 with take profit at 33167
Bearish Preference:
A sell position is envisaged if the price trades below 33077 with take profit at 33009
Fundamentals:
1: 30 PM Core PCE Price Index m/m Core Durable Goods Orders m/m Durable Goods Orders m/m
Comment:
US stock futures rose on Tuesday after the Biden administration and Republican lawmakers reached a tentative deal on raising the US debt ceiling, removing a source of uncertainty in the markets. The bill will suspend the debt ceiling until January 1, 2025, and federal spending will be capped for the next two years. US stock and bond markets were closed Monday for the Memorial Day holiday. Investors now look ahead to a fresh batch of economic data this week including the May jobs report and the ISM Manufacturing PMI.
Analysis: SCRUM Team