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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16160.20 with take profit at 16186.56
Bearish Preference:
Sell position is envisaged if price trades below 16103.08 with take profit at 16082.41
Fundamentals:
2:30pm USD CPI m/m
USD Core CPI m/m
Comment: U.S. stock futures slipped as investors awaited key inflation data, a day after major indexes broke lengthy winning streams. A surprise jump in consumer prices in China was also seen as denting some enthusiasm for equities Investors will be waiting to see if stocks can recover after Tuesday’s losses halted an eight-day win streak for the S&P 500 and an 11-session winning run for the Nasdaq Composite. The pause came as talk of a melt-up for stocks has increased amid an unusually strong run-up moving into the holidays.
Analysis: SCRUM Team
