Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 12914.74 with take profit at 12948.99
Bearish Preference:
A Sell position is envisaged if price trades below price 12810.53 with take profit at 12762.00
Fundamentals:
1:30pm USD Core Durable Goods
USD Durable Goods Orders USD Pending Home Sales
Comment:
U.S. stock futures remained little changed during Tuesday’s overnight deals after major benchmark indices declined for the third consecutive session as investors remain cautious ahead of the Jackson Hole Symposium later in the week, with Federal Reserve Chairman Jerome Powell expected to provide clues on the aggressiveness of future rate hikes.
Analysis: SCRUM Team
