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Daily Market Analysis 02/06/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 13659.00 with take profit at 13672.76.
Bearish Preference: 
Sell position is envisaged if price trades below 13622.12 with take profit at 13600.85.
Fundamentals:
No Major Fundamentals

Comment: U.S. stock futures were muted again overnight following a flat session for Wall Street on Tuesday. Investors will be eyeing the Fed’s Beige Book this afternoon. The report offers a view on how businesses are faring and current industry conditions, such as an overheating economy or inflationary pressures.

Analysis: SCRUM Team

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