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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14890.22 with take profit at 14909.63.
Bearish Preference:
Sell position is envisaged if price trades below 14823.24 with take profit at 14807.97.
Fundamentals:
1:30 pm USD CPI m/m
USD Core CPI m/m
6:01pm USD 30-y Bond Auction
Comment: U.S. stocks are seen opening largely lower Monday ahead of the start of the new quarterly reporting season, with key inflation data and testimony from Federal Reserve chair Jerome Powell also due. However, Wall Street is expected to give back some of these gains Monday, with the exception of the high growth tech stocks, on concerns about the spread of the highly transmissible delta strain of the Covid-19 virus. The U.S. recorded its highest daily total of new cases since May over the weekend.
Analysis: SCRUM Team
