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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14723.45 with take profit at 14755.71.
Bearish Preference:
Sell position is envisaged if price trades below 14637.44 with take profit at 14605.12.
Fundamentals:
No major fundamental.
Comment: U.S. stocks are seen opening mostly higher Wednesday, making a further recovery from Monday’s sharp losses despite disappointing results from streaming giant Netflix. The major equity indices had rebounded strongly on Tuesday from Monday’s Covid-inspired selloff.
Analysis: SCRUM Team
