Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14114.86 with take profit at 14138.65.
Bearish Preference:
Sell position is envisaged if price trades below 13975.35 with take profit at 13948.32.
Fundamentals:
None with high impact on the Index.
Comment: Looking to the week ahead on the DailyFX Economic Calendar, we see that the release of monthly PMI data is scheduled for release. Markets are also scheduled to receive another reading on US inflation. The Fed’s preferred gauge of inflation, core PCE, is due to cross wires on Friday, 25 June at 12:30 GMT. These high-impact data releases stand to weigh on broader market sentiment due to their potential to further sway the threat of Fed tapering.
Analysis: SCRUM Team