Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 13127.47 with take profit at 13155.92.
Bearish Preference:
A Sell position is envisaged if the price trades below 13049.25 with take profit at 13021.69.
Fundamentals:
None with High Impact
Comment:
Global shares eased on Monday ahead of a week packed with economic data and central bank meetings, along with earnings from the tech giants this year. The most recent data on global business activity shows a broad-based pick-up in the services sector that, in the United States at least, strengthens the case for interest rates to keep rising.
Analysis: SCRUM Team