Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 12936.62 with take profit at 12956.16
Bearish Preference:
A sell position is envisaged if the price trades below 12871.78 with take profit at 12846.64
Fundamentals:
1:30pm
USD Core Durable Goods Orders m/m
USD Durable Goods Orders m/m
Comment:
U.S. stocks are seen opening in a mixed fashion Tuesday, with the tech-heavy Nasdaq outperforming following the positive quarterly earnings from Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL). The main indices closed sharply lower Tuesday, weighed down by new worries about the banking sector after First Republic Bank (NYSE:FRC) said first-quarter deposits fell by $100 billion last month, as people moved money out of the bank during the turmoil in March.
Analysis: SCRUM Team