Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 13812.77 with a take profit at price 13831.55.
Bearish Preference:
A Sell position is envisaged if price trades below price 13744.54 with take profit at price 13729.84.
Fundamentals:
No major Fundamental
Comment: US equities enjoyed a modest gain last week as the Dow Jones and S&P 500 creeped deeper into record territory and the Nasdaq 100 looked to make up for lost time as it aims to retake an important trendline. Price action was far from exuberant, however, as seasonal downtrends in volume and volatility were particularly poignant. But for the remaining part of the day we should expect a buy trend.
Analysis: SCRUM Team
