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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11599.22 with take profit at 11607.97
Bearish Preference:
Sell position is envisaged if price trades below 11520.61 with take profit at 11463.29
Fundamentals:
No high impact fundamental
Comment:
Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic. Beijing said on Monday it would shut businesses and schools in hard-hit districts and tighten rules for entering the city, as infections ticked higher. “There is this fear that China might reinstitute some of the COVID restrictions that they’ve just purportedly started to lift,” said Carol Schleif, deputy chief investment officer at BMO Family Office.
Analysis: SCRUM Team
