Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14923.22 with take profit at 14938.78.
Bearish Preference:
Sell position is envisaged if price trades below 14847.35 with take profit at 14827.89.
Fundamentals:
No major fundamental
Comment: Global shares fell for the fifth straight day and the dollar remained firm in a flight to safety on Friday as rising coronavirus cases compounded concerns over Chinese growth and the outlook for U.S. stimulus. The swirling economic currents have weighed on sentiment all week, setting a cautious tone ahead of a meeting of U.S. central bankers at Jackson Hole next week, with markets watching for any sign of monetary tightening in the world’s biggest economy.
Analysis: SCRUM Team