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Instrument: US30
Bullish Preference:
A buy position is envisaged if the price trades above 34505 with take profit at 34547.
Bearish Preference:
A sell position is envisaged if the price trades below 34433 with take profit at 34392.
Fundamentals:
None with High Impact
Comment:
U.S. stock futures edged lower Friday, with renewed concerns about the future path of the Federal Reserve’s interest rates weighing heavily on the tech sector. Stronger-than-expected economic data, including Thursday’s initial jobless claims reading for last week that was lower than expected, has raised concerns that the Fed will keep interest rates at elevated levels for longer than previously expected.
Analysis: SCRUM Team
