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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14013.80 with take profit at 14032.43.
Bearish Preference:
Sell position is envisaged if price trades below 13919.59 with take profit at 13893.42.
Fundamentals:
3:00pm USD Prelim UoM Consumer Sentiment
Comment: U.S. stock index futures rose on Friday after inflation data calmed concerns over a possible long-term spike in rising prices, with investors now turning focus to next week’s Federal Reserve meeting for more cues on monetary policy. The Nasdaq is set for mild weekly gains, as a lack of major catalysts and a summer lull in trading saw them move in a tight range.
Analysis: SCRUM Team
