Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 33764 with take profit at 33826.
Bearish Preference:
Sell position is envisaged if price trades below 33577 with take profit at 33507.
Fundamentals:
1:30 pm USD Philly Fed Manufacturing Index.
1:30 pm USD Unemployment Claims
3:00 PM CB Leading Index m/m
Comment: U.S. stocks are seen opening lower Thursday, on course for the fourth straight day of losses amid worries about future Federal Reserve policy as well as volatility in the cryptocurrency prices.
Investors have been digesting the minutes from the April Federal Reserve meeting which suggested that some FOMC members were considering voting for tapering the central bank’s asset purchase programs in upcoming meetings.
Analysis: SCRUM Team
