Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15004.23 with take profit at 15022.81.
Bearish Preference:
Sell position is envisaged if price trades below 14964.77 with take profit at 14943.17.
Fundamentals:
No Major Fundamental
Comment: Stocks in the US closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season. Data earlier in the day showed that although U.S. manufacturing grew in July, its pace slowed for a second straight month as spending rotated back to services from goods, and shortages of raw materials persisted.
Analysis: SCRUM Team
