Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14207.27 with take profit at 14264.00.
Bearish Preference:
Sell position is envisaged if price trades below 14048.15 with take profit at 13974.08 .
Fundamentals:
USD: 2:30PM Core PCE Price Index m/m
4PM Revised UoM Consumer Sentiment
Comment: In the wash after Wednesday’s FOMC rate decision there is still a considerable uncertainty about the outlook for the markets amid a path of rising rates and recognition of the excess risk position the markets have put themselves into. U.S. stocks surrendered morning gains and posted moderate losses on Thursday in a wild and volatile session, one day after the Federal Reserve rattled nerves with some of its guidance and left the door open for forceful and assertive measures to contain soaring inflationary pressures.
Analysis: SCRUM Team
