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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12470.66 with take profit at 12503.86
Bearish Preference:
Sell position is envisaged if price trades below 12322.31 with take profit at 12278.43
Fundamentals:
No Major fundamentals
Comment:
U.S. stocks are seen opening lower Monday, continuing the recent selloff ahead of the release of the latest consumer inflation data which could see the Federal Reserve continuing its aggressive monetary policy tightening.
Analysis: SCRUM Team
