Instrument:US30
Bullish Preference:
Buy position is envisaged if price trades above 34254 with take profit at 34303.
Bearish Preference:
Sell position is envisaged if price trades below 34133 with take profit at 34082
Fundamentals:
None with High Impact
Comment:
Wall Street see-sawed to a lower close on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested the Federal Reserve’s hawkish outlook revisions.
Investors were still digesting the Fed’s decision to let its critical interest rate stand. Still, they updated its quarterly Summary Economic Projections to suggest restrictive monetary policy will remain in place longer than anticipated.
Analysis: SCRUM Team
