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Instrument: US100
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 13265.38 with take profit at 13304.32.
Bearish Preference:
Sell is envisaged if price trades below 13142.26 with take profit at 13107.70.
Fundamentals:
1:30 pm USD Core Retail Sales m/m
USD Retail Sales m/m
2:15 pm USD Industrial Production m/m
3:00 pm USD Prelim UoM Consumer Sentiment
Comment: U.S. stock-index futures rose Friday as investors awaited data on April retail sales, indicating the market would attempt to build on the previous session’s bounce. However, the Dow and the S&P 500 index are on track for their steepest weekly drop since January after data this week on inflation data, labour shortages and higher commodity prices raised concerns that the Federal Reserve would have to pull back on its easy-money policies sooner than expected.
Analysis: SCRUM Team
