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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15202.33 with take profit at 15226.81
Bearish Preference:
Sell position is envisaged if price trades below 15129.14 with take profit at 15103.01
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
Comment:
After gaining for four straight sessions following its lowest close in nearly a year, the tech-heavy benchmark has alternated between gains and losses for six straight sessions. While the current run of choppy trading is the longest since June 2021, the gauge has managed to recoup the prior day’s losses and then some following each dip.
Analysis: SCRUM Team
