Instrument: US30
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 32794 with take profit at 32821
Bearish Preference:
A sell position is envisaged if the price trades below price 32705 with take profit at 32683
Fundamentals:
3PM USD CB Consumer Confidence
Comment:
Wall Street equities gained and U.S. Treasury yields rose on Monday as investor concerns about the financial system were calmed after First Citizens BancShares said it would take on the deposits and loans of failed Silicon Valley Bank. The deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues.
Analysis: SCRUM Team
