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Instrument: US500
Bullish Preference:
Buy position is envisaged if price trades above 4306.7 with take profit at 4317.7
Bearish Preference:
Sell position is envisaged if price trades below 4278.0 with take profit at 4268.0
Fundamentals:
2:00 pm
USD FOMC Member Harker Speaks
Comment:
U.S. Treasury yields soar to the highest levels since the financial crisis after a speech by Fed chair Jerome Powell, dragging stocks lower. Crude rises as the U.S. looks to refill its strategic reserves, while U.K. retail sales slumped in September.
Analysis: SCRUM Team
