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Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 13305.29 with take profit at 13317.29.
Bearish Preference:
A sell position is envisaged if the price trades below 13275.10 with take profit at 13259.36.
Fundamentals:
None with High Impact
Comment:
U.S. stocks are seen opening marginally lower Tuesday, as investors cautiously await the release of key monthly U.S. inflation data, which could influence monetary policy at the Federal Reserve.
The Fed officials stressed the importance of the upcoming data in their next policy deliberations, and the inflation release looms large, especially after Friday’s job report showed underlying strength in the labor market.
Source: investing.com
