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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15425.54 with take profit at 15456.21.
Bearish Preference:
Sell position is envisaged if price trades below 15290.04 with take profit at 15265.87.
Fundamentals:
No major fundamental
Comment: As stocks were up on Tuesday morning, with the first full approval for a COVID-19 vaccine expected to boost U.S. vaccination rates and assuaging some concerns over COVID-19’s impact on the global economic recovery. U.S. shares continued an upward trend, with the Nasdaq 100 hitting a fresh record after the FDA gave the Pfizer Inc. COVID-19 vaccine its full approval.
Analysis: SCRUM Team
