Instrument: US30+
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 33065 with take profit at 33175
Bearish Preference:
Sell position is envisaged if price trades below 32878 with take profit at 32819
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