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Daily Market Analysis 18|05|2021: US30

Instrument: US30

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 34428 with take profit at 34504.
Bearish Preference:  
Sell position is envisaged if price trades below 34294 with take profit at 34190.

Fundamentals:
No Major Fundamental 

Comment: Futures contracts tied to the major U.S. stock indexes rebounded on Tuesday from modest losses in the prior session after better-than-expected earnings from Home Depot and a rebound in tech shares. Growth-heavy stocks have remained under pressure in recent sessions as investors fret over whether a pop in inflation will entrench or blow over as the Federal Reserve expects.

Analysis: SCRUM Team

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