Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16032.18 with take profit at 16120.50.
Bearish Preference:
Sell position is envisaged if price trades below 15905.46 with take profit at 15828.66.
Fundamentals:
2:30pm USD Final GDP q/q
Comment: Asian session markets were broadly up on Wednesday as the risk appetite of global investors rises heading into year-end, despite the surging number of Omicron COVID-19 variant cases around the world. It would seem investors are considering certain positives from global fundamentals despite the wide spread of Omicron.
Analysis: SCRUM Team