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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13835.09 with take profit at 13855.93.
Bearish Preference:
Sell position is envisaged if price trades below 13792.63 with take profit at 13778.73.
Fundamentals:
1:30pm USD CPI m/m
USD Core CPI m/m
Comment: The US Indices ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week. The indexes had closed at record highs on Friday, after rallying for days on a pullback in the benchmark 10-year bond yield from 14-month highs.
With U.S. consumer price data for March due to be published Tuesday, this could drive Treasury yields higher. Big Wall Street names are due to kick off earnings season on Wednesday, giving new catalysts to buy or sell stocks in a record-high market.
Analysis: SCRUM Team
