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Daily Market Analysis 16|12|2020: US30

Instrument: US30

Technical Analysis

Bullish Preference: 
Buy if price trades above 30233 with take profit at 30283.
Bearish Preference: 
A sell is envisaged when price trades below 30143 with take profit at 30091.
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
3:45pm USD Flash Manufacturing PMI

Comment: The Dow on Tuesday afternoon notched its best finish since around Thanksgiving as markets scored a bullish lift on renewed hopes that top congressional lawmakers were set to meet later Tuesday to strike deals to fund the government and push through a fifth round of coronavirus relief.

Analysis: SCRUM Team

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