Daily Market Analysis 16.05.2022: US100
Instrument: US100 Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 12365.49 with take profit at 12399.95 Bearish Preference: Sell position is envisaged if price trades below 12280.96 with take profit at 12244.90 Fundamentals:No major Fundamental Comment: U.S. stocks are seen opening marginally lower Monday at the start of a big week for retail earnings as well as the …