Instrument: US100+
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11624.40 with take profit at 11678.62
Bearish Preference:
Sell position is envisaged if price trades below 11527.80 with take profit at 11501.48
Fundamentals:
3PM USD ISM Manufacturing
JOLTS Job Openings
Comment:
U.S. stock index futures rose on Tuesday after a strong October on Wall Street, as investors clung to hopes that the Federal Reserve will signal a slower pace of future interest rate hikes as economic growth slows. The three main indexes on Monday notched their first monthly rise since July, with the blue-chip Dow DJI recording its best month in over four decades as better-than-expected earnings and hopes of a less hawkish Fed aided the mood.
Analysis: SCRUM Team