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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14618.14 with take profit at 14632.40.
Bearish Preference:
Sell position is envisaged if price trades below 14558.76 with take profit at 14546.46.
Fundamentals:
1:30 pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: Oil was up Friday morning in Asia, retaining its gains from the previous session after a disagreement within the Organization of the Petroleum Exporting Countries and allies (OPEC+) delayed a decision on output levels, which might cause an inflationary spike in prices if not resolved. The United Arab Emirates blocked a deal at the last minute, causing the alliance to put off its decision on monthly production. The standstill could end with OPEC+ not increasing output at all, which means the alliance would fall back on previous terms that asked for production to remain unchanged until April 2022.
Analysis: SCRUM Team
