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Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if price trades above 12178.73 with take profit at 12237.24
Bearish Preference:
A sell position is envisaged if price trades below price 11893.37 with take profit at 11813.50
Fundamentals:
1:30 USD: PPI m/m
Core PPI m/m
Comment:
Apple Inc. shares rallied the most since May as pre-order data showed the iPhone 14 Pro Max was the best selling model, surpassing what the older version did in a similar timeframe. Pre-order data shows that the iPhone 14 Pro Max is the best-selling model, and that it is doing better than the iPhone 13 Pro Max did at this point,” KGI Securities analyst Christine Wang said in a report. The pricing of the iPhone 14 series is positive for its future sales, she added.
Analysis: SCRUM Team
