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Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12434.69 with take profit at 12464.91
Bearish Preference:
A Sell position is envisaged if the price trades below 12390.86 with take profit at 12365.76
Fundamentals:
No Major Fundamental
Comment:
U.S. stock futures were mixed on Monday, as investors gauged the potential for further interest rate hikes ahead of the release of key inflation data out of the world’s largest economy. U.S. equities oscillated between the flat line on Friday, as stocks slumped to their worst week so far this year with traders eyeing the future path of Federal Reserve rate hikes, a stubbornly tight labor market and a bevy of corporate earnings.
Analysis: SCRUM Team
