Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13964.89 with take profit at 14039.58 .
Bearish Preference:
Sell position is envisaged if price trades below 13833.62 with take profit at 13767.98 .
Fundamentals:
3:45pm USD Flash Manufacturing PMI
USD Flash Services PMI
4:00pm USD CB Consumer Confidence
Comment:
U.S. stock markets are set to open lower later, as U.S. investors return from the long weekend to try and digest the escalation of tensions in Eastern Europe. The economic data slate in the U.S. Tuesday includes both services and manufacturing PMI numbers for February, which are expected to show a slight improvement from the previous month, and the CB Consumer Confidence release, also for February.
Analysis: SCRUM Team
