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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12011.38 with take profit at 12043.25
Bearish Preference:
Sell position is envisaged if price trades below 11937.31 with take profit at 11920.00
Fundamentals:
4:00pm USD ISM Services PMI
Comment:
U.S. stock index futures fell on Monday as investors awaited more data, including a report on the services sector, to gauge the Federal Reserve’s next move at its rate-setting meeting later this month. All major Wall Street indexes notched a second straight week of gains last week, with the S&P 500 rising 1.13%, the Dow gaining 0.24% and the Nasdaq climbing 2.1%.
Analysis: SCRUM Team
