Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14600.08 with take profit at 14628.12.
Bearish Preference:
Sell position is envisaged if price trades below 14483.04 with take profit at 14451.38.
Fundamentals:
2:30pm USD PPI m/m.
Comment:
U.S. stock index futures jumped on Tuesday on news that Russia was pulling back some troops from near the Ukrainian border, in signs of a de-escalation in tensions between the two countries. The Nasdaq has now traded below its 200 day MA for 19 consecutive days.
Analysis: SCRUM Team