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Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 33281 with take profit at 33331.
Bearish Preference:
Sell position is envisaged if price trades below 33128 with take profit at 33086.
Fundamentals:
No major fundamental
Comment:
On Wall Street, sentiment soured this past week following another strong inflation print as February’s CPI gauge clocked in at 7.9% y/y. With prices continuing to climb at 40-year highs, boosting hawkish Federal Reserve monetary policy bets, futures tracking the Dow Jones, S&P 500 and Nasdaq 100 fell 2.2%, 3.02% and 3.85% respectively over the past 5 trading sessions.
Analysis: SCRUM Team
