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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12229.59 with take profit at 12247.63
Bearish Preference:
Sell position is envisaged if price trades below price 12117.16 with take profit at 12090.79
Fundamentals:
1:30pm USD Core Durable Goods Orders
Comment:
U.S. stock index futures edged higher on Monday, setting up Wall Street to extend gains from the previous week after a slide in commodity prices eased worries of prolonged inflation. The U.S. central bank has rapidly raised interest rates to rein in 40-year-high inflation, stoking fears its actions could tip the world’s largest economy into a recession.
Analysis: SCRUM Team
