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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13290.50 with take profit at 13315.68.
Bearish Preference:
Sell position is envisaged if price trades below 13127.36 with take profit at 13099.50.
Fundamentals:
No major fundamental.
Comment: The stocks markets are seen flat since the start of the week and weakening at the open Tuesday, following the previous session’s tech-led selloff on Wall Street on increased inflation worries.
Investors have turned their backs on longer-duration growth stocks as ongoing inflation pressures, with commodity prices surging, amongst other increased worries of the next Fed. Reserve steps.
Analysis: SCRUM Team
