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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12662.95 with take profit at 12683.87
Bearish Preference:
Sell position is envisaged if price trades below 12546.17 with take profit at 12527.00
Fundamentals:
2:45pm USD Flash Services PMI
Comment:
U.S. stocks are seen opening marginally lower Friday, with the tech sector likely to underperform after disappointing quarterly earnings from social media giant Snap. The corporate earnings season is in full flow and companies have generally been beating expectations so far, but they also continue to report rising costs and the possibility of an economic slowdown affecting operations later this year.
Analysis: SCRUM Team
