Instrument: US30
Bullish Preference:
A buy position is envisaged if the price trades above 35383 with take profit at 35405.
Bearish Preference:
A sell position is envisaged if the price trades below 35325 with take profit at 35300.
Fundamentals:
1:30pm USD Unemployment Claims
3:00pm USD ISM Services PMI
Comment:
The benchmark Wall Street indices closed with hefty losses Wednesday after Fitch downgraded the U.S. government’s credit rating to AA+ from AAA late Tuesday, citing likely fiscal deterioration over the next three years and the usual protracted debt ceiling negotiations.
Analysis: SCRUM Team