Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 12471.35 with take profit at 12562.53
Bearish Preference:
A Sell position is envisaged if the price trades below 12334.90 with take profit at 12283.32
Fundamentals:
1:30pm USD Unemployment Claims
Comment:
U.S. stocks is experiencing a mixed Thursday, as investors digested the moves to support embattled lender Credit Suisse amid concerns about the potential impact of the regional banking crisis on the U.S. economy. The ongoing difficulties in the banking sector have shifted sentiment regarding the outcome of next week’s Federal Reserve policy meeting. About half of the traders are hoping on a quarter of a percentage point increase, while the other half are hoping on a pause.
Analysis: SCRUM Team
