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Daily Market Analysis 06/12/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15681.51 with take profit at 15713.51.
Bearish Preference: 
Sell position is envisaged if price trades below 15590.85 with take profit at 15555.30.
Fundamentals:
No major fundamental

Comment: The Nasdaq fell 1.9%. The major averages ended off the session lows. “It was a colossal miss,” Darren Schuringa, CEO of ASYMmetric ETFs said in an interview on Friday, referring to weaker-than-expected job gains in November. “Looking at these numbers now, it is concerning for me from an economic strength standpoint.

Analysis: SCRUM Team

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