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Daily Market Analysis 05.10.2022: US100

Instrument: US100+

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11576.95 with take profit at  11594.68
Bearish Preference: 
Sell position is envisaged if price trades below 11503.06 with take profit at 11477.94
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
3:00pm USD ISM Services PMI   

Comment: 
A bigger-than-expected fall in the number of job openings in August was taken as the latest evidence that the U.S. economy is gradually slowing. The U.S. S&P 500 stock index jumped more than 3% on Tuesday.

Analysis: SCRUM Team

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