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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34977 with take profit at 35003.
Bearish Preference:
Sell position is envisaged if price trades below 34856 with take profit at 34831.
Fundamentals:
3:00pm USD ISM Manufacturing PMI
Comment: U.S. stocks are seen opening higher Monday, continuing the recent positive tone on the first trading day of August as investors digest generally strong corporate earnings and a dovish message from the Federal Reserve. The major U.S. indices posted their sixth straight month of gains in July, with the broad-based S&P 500 gaining over 2%, the blue-chip Dow Jones Industrial Average adding 1.3% and the Nasdaq Composite 1.2%
Analysis: SCRUM Team
