Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14198.29 with take profit at 14237.60 .
Bearish Preference:
Sell position is envisaged if price trades below 14056.78 with take profit at 14013.54.
Fundamentals:
2:15pm USD ADP Non-Farm Employment Change
4PM USD Fed Chair Powell Testifies
Comment:
Most U.S. banks have little direct exposure to Russian companies, it is unclear how the sanctions on the Russian financial system will impact European banks and, in turn, the U.S although the NASDAQ seems to be recovering from recent fall.
Analysis: SCRUM Team