Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16278.93 with take profit at 16307.77.
Bearish Preference:
Sell position is envisaged if price trades below 16159.35 with take profit at 16128.81.
Fundamentals:
2:30pm USD CPI m/m
USD Core CPI m/m
Comment: World stocks dipped on Friday, retreating from two-week highs set in the previous session amid renewed concerns about COVID-19 and caution ahead of key U.S. inflation data, although oil remained on track for its biggest weekly gain since late August. Riskier markets have performed well this week, helped by indications the Omicron strain of the new coronavirus might not be as economically disruptive as first feared. But that bounce was running out of energy on Friday ahead of November’s U.S. consumer price index data, due later.
Analysis: SCRUM Team
