Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15176.30 with take profit at 15235.81
Bearish Preference:
Sell position is envisaged if price trades below 15078.70 with take profit 15033.48
Fundamentals:
1:30pm USD Core PCE Price Index m/m
USD Unemployment Claims
2:45pm USD Chicago PMI
Comment:
Stock futures were little changed in early morning trading Thursday as traders wrap up a month and quarter. Some tech stocks were under pressure Thursday amid analysts concerns over the PC market going forward. AMD shares slipped more than 1% in the premarket after analysts at Barclays downgraded the stock to equal weight from overweight. Meanwhile, HP Inc and Dell dipped 3.8% and 2%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley.
Analysis: SCRUM Team