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Daily Market Analysis 27.05.2022: US100

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Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 12304.11 with take profit at 12332.93
Bearish Preference: 
Sell position is envisaged if price trades below 12196.82 with take profit at 12172.80
Fundamentals:
1:30pm USD Prelim GDP q/q

Comment: 
Asia-Pacific stocks were up on Friday morning, taking cues from both a rebound in U.S. counterparts and the latest earnings suggesting that the U.S. economy remains strong despite high inflation.

Analysis: SCRUM Team

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