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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13563.26 with take profit at 13587.05.
Bearish Preference:
Sell position is envisaged if price trades below 13486.18 with take profit at 13460.77.
Fundamentals:
2:45 PM USD Flash Manufacturing PMI
Comment: U.S. stocks are seen opening marginally higher Friday, continuing the previous session’s rebound ahead of housing data and key business surveys. The Nasdaq Composite is positioned to break a 4-week losing streak. Data showed a new pandemic-low in weekly jobless claims on Thursday, but the rise in continuing claims also played into the idea that the central bank will maintain its ultra-easy monetary policies for some time to come.
Analysis: SCRUM Team
