Skip to content 
Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14167.19 with take profit at 14196.43.
Bearish Preference:
Sell position is envisaged if price trades below 14100.11 with take profit at 14074.12.
Fundamentals:
1:30pm USD Core Retail Sales m/m
USD PPI m/m
USD Retail Sales m/m
Comment: U.S. stock futures were slightly higher in early morning trading Tuesday after the Nasdaq Composite and S&P 500 registered new record highs ahead of the Federal Reserve’s latest monetary policy meeting. Traders should think about buying some industrial and energy names if the Federal Reserve keeps rates unchanged at this week’s meeting. The Fed is slated to start its two-day policy meeting on Tuesday. The central bank is not expected to move interest rates. However, investors will be looking for clues on whether the Fed has changed its stance on U.S. inflation. The meeting is set to wrap up on Wednesday.
Analysis: SCRUM Team
