Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 13206.91 with take profit at 13230.16.
Bearish Preference:
A sell position is envisaged if the price trades below price 13149.43 with take profit at 13129.12.
Fundamentals:
1:30PM USD Empire State Manufacturing Index
Comment:
U.S. stock futures were trading slightly higher during Sunday’s evening trade, after major indices capped a positive week as easing CPI and PPI pressures boosted sentiment ahead of a critical earnings season. Ahead in the week, traders will be looking towards NY empire state manufacturing index, building permits, housing starts, Philadelphia Fed manufacturing index, existing home sales, preliminary manufacturing and services PMI readings, as well as speeches from FOMC members Bowman, Williams, Waller, and Fed Governor Cook.
Analysis: SCRUM Team