Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13794.68 with take profit at 13816.42.
Bearish Preference:
Sell position is envisaged if price trades below13707.64 with take profit at 13689.63.
Fundamentals:
No Major fundamentals
Comment: Asian share markets were mostly positive Tuesday as investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. Dovish tones from the Fed and an extraordinary fiscal stimulus from the Biden Administration are fuelling optimism that the U.S. economy will strengthen further during 2021.
In addition, attention is also moving the U.S. payrolls data this Friday where close to 1 million new payrolls and an unemployment rate back down towards 5.6% is set to reinforce this upbeat sentiment.
Analysis: SCRUM Team