Instrument: US30+
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 30287 with take profit at 30366
Bearish Preference:
Sell position is envisaged if price trades below 30149 with take profit at 30030
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
3:00pm USD ISM Services PMI
Comment:
U.S. stocks are seen opening firmly higher Tuesday, continuing the previous session’s broad rally as investors enter the year’s final quarter with a degree of cautious optimism. Stocks have been helped by the fall in U.S. Treasury yields after the publication of weaker-than-expected manufacturing data, raising hopes that the Federal Reserve will ease back on its monetary tightening as economic growth slows.
Analysis: SCRUM Team