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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14480.44 take profit at 14540.03.
Bearish Preference:
Sell position is envisaged if price trades below 14281.82 take profit at 14214.29.
Fundamentals:
5:PM US ZONE: Fed Chair Powell Speaks
Comment:
Asia Pacific stocks were mostly down on Monday morning, holding steady as efforts to bring an end to the conflict in Ukraine continue. The question for this week is whether they will maintain the rebound and slight dip in volatility from the previous week. China’s vow to support its markets and economy is also providing a small boost.
Analysis: SCRUM Team
