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Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 13341.87 with take profit at 13355.37.
Bearish Preference:
A sell position is envisaged if the price trades below 13289.25 with take profit at 13263.67.
Fundamentals:
None with High Impact
Comment:
U.S. stock index futures edged higher on Monday ahead of a key inflation reading during the week that will be scrutinized for whether the Federal Reserve’s efforts to cool prices were taking hold, while shares of regional lenders extended gains. Focus will be on the Labor Department’s inflation data on Wednesday, which is expected to show the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March, while excluding the volatile food and energy components, the CPI likely increased 0.4% last month.
Source: https://www.investing.com/
