Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13895.10 with take profit at 13918.30.
Bearish Preference:
Sell position is envisaged if price trades below 13803.08 with take profit at 13778.24.
Fundamentals:
No major fundamental.
Comment: U.S. stocks are set to open in a subdued fashion Tuesday, with investors cautious ahead of the release of key inflation data. Investors are reluctant to take heavy positions ahead of the release of the latest inflation numbers on Thursday following last Friday’s jobs report. While the U.S. added fewer jobs than expected in May, the unemployment rate dropped to 5.8% from 6.1% and there were signs that wage growth also accelerated.
Analysis: SCRUM Team
