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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11996.63 with take profit at 12051.38
Bearish Preference:
Sell position is envisaged if price trades below 11832.36 with take profit at 11787.97
Fundamentals:
No Major Fundamental
Comment:
U.S. stocks are seen opening higher Monday, with investors looking to start the new week on a brighter note, looking for bargains after a relentless multi-week selloff. Investors are looking toward major retail companies as corporate earnings continue this week. Reporting companies include Costco Wholesale Corp (NASDAQ:COST), Macy’s Inc (NYSE:M), Nordstrom Inc (NYSE:JWN), Best Buy Co Inc (NYSE:BBY), Zoom Video Communications Inc (NASDAQ:ZM) and NVIDIA Corporation (NASDAQ:NVDA).
Analysis: SCRUM Team
