Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16559.52 with take profit at 16573.20
Bearish Preference:
Sell position is envisaged if price trades below 16500.45 with take profit at 16486.04
Fundamentals:
4:45pm USD FOMC Member Waller Speaks
Comment: U.S. stock futures were mixed, the dollar strengthened and oil prices fell, as rising Covid-19 cases led to an acceleration of social-distancing and business restrictions in Europe. Futures tied to the S&P 500 edged down 0.2%, after the broad-market index closed up 0.3% Thursday at an all-time high. Dow Jones Industrial Average futures declined 0.4% Friday. Nasdaq-100 futures climbed 0.3%, pointing to advances in technology stocks after the opening bell.
Analysis: SCRUM Team