Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34513 with take profit at 34550.
Bearish Preference:
Sell position is envisaged if price trades below 34416 with take profit at 34383.
Fundamentals:
USD 1:30PM CPI m/m
1:30PM Core CPI m/m
Unemployment Claims
Comment: The proximity to Thursday’s U.S. inflation numbers is limiting activity as investors fret that a strong number will pile pressure on the Federal Reserve to start reining in its very accommodative monetary policy stance. While on the CPI side all the focus will be on the U.S. prices tomorrow, the China May PPI data overnight underlined the clear global trend of building price prices.
Analysis: SCRUM Team
