Instrument: US30
Intraday: BULLISH
Technical Analysis
Preference:
Buy position is envisaged if price trades above 27481 with take profit at key level 27807.
Alternative scenario:
Sell if price trades below 27320 with take profit at 27101.
Fundamentals:
CB Consumer Confidence (USD) 3.00 pm
Comment: On the H1 we see the instrument has been on a buy binge and retraced a bit, I believe the instrument should buy further, looking at the D1 we see that the instrument touched the 200 EMA on the daily, and has been buying for 2 days, so bullish trend should be in place for this instrument.
Analysis: SCRUM Team