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Daily Market Analysis 06|07|2020: US30

Instrument: US30

Intraday: Bullish

Technical Analysis

Preference: 
Bull position is envisaged if price trades above  26338 with take profit at 26578
Alternative scenario: 
Sell position is envisaged if price trades below 25929 with take profit at 25612
Fundamentals:
3:00pm USD ISM Non-Manufacturing PMI

Comment: the Dow Jones reached continued its bullish move buoyed by a record surge in payrolls, which provided assurance that the U.S. economic recovery was well under way.

Analysis SCRUM Team

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